With the news stories, internet statistics, and neighborhood visuals, it can seem like a mortgage modification is merely a dream. But getting a mortgage modification is in fact possible, and here are a few tips on how to set yourself up for success: The Plan for Success First off, you need an expert. When pursuing  … Read more

If you are considering loan modification options, you may be wondering whether a loan modification program will affect your credit score. The answer can vary widely based on a number of factors; in general, loan modification does affect credit score, but how and how much is almost entirely based on the individual’s case. How Loan  … Read more

Under the Home Affordable Modification Program (HAMP), many Americans are eligible for a mortgage modification with more favorable terms than many current mortgages. For hundreds of people, this program has helped them to avoid foreclosure, rescuing them from underwater mortgages and enabling them to continue to make regular payments on their home despite financial hardship.  … Read more

Mortgage modification is one of those terms that is being thrown around all over these days. Maybe you have heard of mortgage modification but are not sure just what it is or how it may be able to help you. If you are troubled by high mortgage payments and need to find a way to  … Read more

Mortgage modifications help hundreds and even thousands of homeowners get out from their crushing mortgage debt through refinancing or loan modifications. However, there are many common blunders people make when looking at mortgage modification as a solution to their debt crisis. Refinancing With Care Refinancing a mortgage can result in a lower monthly payment and  … Read more

In today’s erratic housing market, many homeowners are finding themselves saddled with mortgages they simply can no longer afford. If you find yourself in a situation in which your mortgage payment is threatening your livelihood, it is good to know that you have options. Consulting with a foreclosure attorney is always a great step, whether  … Read more

If your mortgage is owned by the mortgage giants Fannie Mae or Freddie Mac, or if the loan is guaranteed through mortgage backed securities through these companies, it’s possible that you will be eligible to refinance through the government’s Home Affordable Refinance Program (HARP). HARP is not a loan modification program, but a refinancing program;  … Read more

If you’re seeking a mortgage modification to avoid foreclosure, it’s vital to understand the intricacies to enhance the probability of achieving the results you want. One of the key points of seeking a mortgage modification is to write a hardship letter to your creditors. Unfortunately, many poor habits and strategies backfire as homeowners write their  … Read more

If you’re buried under mortgage debt, understanding the full array of options available for your financial situation can help you get back on track with your payments. For homeowners, two of the most popular options are mortgage modifications and refinancing. Many borrowers must carefully look at these two options to determine the best choice for  … Read more

The Home Affordable Modification Program (HAMP) is a relatively new program that was introduced by the Obama administration. As one of the many tools created to help homeowners avoid foreclosure, HAMP has very specific requirements. By understanding how HAMP works, homeowners will be able to take advantage of all the benefits this program provides. What  … Read more