In other words, they don’t want the house, but they do want the loan repaid. A modification helps accomplish both goals. There are several avenues to make your mortgage more affordable ...

If you're struggling with mortgage payments, a loan modification can change the terms of your mortgage without refinancing. Some or all of the mortgage lenders featured on our site are advertising ...

In some cases, it could take three to six months, but this depends on the lender's process and whether it offers streamlined loan modification. Remember that you have options. If you do not ...

Loan modification due to financial hardship ... Failing to pay your home loan, or paying late, can also do severe damage to your credit score. You obviously want to avoid falling behind on ...

Loan modifications provide help for borrowers who ... It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your ...

Loan modification A loan modification is a form of relief for borrowers struggling to make mortgage payments. A refinance is something you choose to do — if you don’t refi, the consequences ...

What do you think so far ... While your credit will take a hit, a loan modification is better than foreclosure or bankruptcy for your credit score in the long run. Even if you're not yet behind ...

A loan modification is an agreement between a borrower and a lender to permanently change the terms of a mortgage. You'll need to prove financial hardship in order to qualify for a loan modification.

One of the challenges many homeowners faced in the recession was financial hardships. Loan modifications were often a short-term solution banks offered for homeowners facing delinquency ...

Commissions do not affect our editors' opinions or ... For these people, a loan modification may be a better option. A loan modification is a change to your current mortgage terms.

A mortgage loan modification is a permanent change to your ... You may be required to do credit counseling or go through a trial payment period successfully before the modification is made permanent.