Homeowners falling behind on their mortgage payments are desperate for any relief that they can find. One of the most popular options is a mortgage modification that allows homeowners to negotiate the terms of their loan. Unfortunately, this incredible option also has drawbacks. Knowing how underwater mortgage solutions affect your credit score can help you  … Read more

One of the most crushing debts that Americans face is their mortgage. When homeowners fall behind on their mortgage, it’s often difficult to reestablish financial stability. If the situation continues to destabilize, homeowners exploit all their options to avoid a foreclosure and other consequences. The most popular option is to seek a mortgage modification. This  … Read more

Most people use a mortgage modification to avoid a home foreclosure. While helpful in terms of financing your home, a mortgage modification also poses a risk to your credit score. However, becoming delinquent on mortgage payments causes damage to your credit as well, creating a tough choice for homeowners who are falling behind on their  … Read more

Loan modifications continue to be an amazing option for distressed homeowners trying to avoid foreclosure. A loan modification might be the most important thing you do while saving your home, so it’s important to do it right! However, despite the number of qualified homeowners filing applications, countless mortgage loan modifications are denied because of the  … Read more

When dealing with loans, you’d be interested to find out about loan modifications. The process of loan modification is not necessarily an easy one, but it is relatively simple to figure out whether you are eligible to modify your pre-existing loan. Determining if you are eligible for a loan modification is an important step in  … Read more

If you are looking for mortgage debt help, a mortgage modification could be one solution to help you avoid foreclosure. Although you may have heard they can be tricky to obtain, there are some things you can do to increase your chances at a successful mortgage modification. Be Prepared Many lenders carry their own rules  … Read more

Many people have  heard about the wonder mortgage modification can do towards helping a homeowner avoid foreclosure. While they can be helpful for many families facing mortgage debt troubles, there are a few things to know about getting through the process the right way. Facing Forwards Unfortunately, there are many aspects of our financial lives  … Read more

The Home Affordable Modification Program was designed to help homeowners with financial hardship avoid foreclosure through loan modifications. However, many people have not been able to take advantage of the program due to strict lending standards. In order to reach more consumers dealing with mortgage debt, the government is extending the program and relaxing some  … Read more

Even after the height of the foreclosure crisis, families continue to be plagued by problems. This time it isn’t just the threat of unlawful foreclosures that threatens to victimize homeowners, but mortgage relief scams. Unfortunately, many families have fallen victim to loan modification scams; leaving them worse off than when they were only facing a  … Read more

When it comes to finding help with the risk of foreclosure, mortgage modification can be a good solution. However, successfully obtaining one from your lender isn’t always easy. Luckily, there are a few things to know that could boost your chances at modifying your mortgage before debt troubles arise. Preparing For Battle The first thing  … Read more