Mortgage Loan Modification

Recently the term Mortgage Loan Modification started to become more and more popular. Everyone is talking about it now.

We created this site for you to keep updated on recent developments in reference to home loan modifications. If congress and senate sign new legislation and put in place programs that are supposed to help us homeowners, we will keep you up-to-date. We are putting together a collection of sources that can help you in case you are in need of modifying your loan, writing a hardship loan modification letter, or need to contact your lender. The navigation bar on your left will grow over time and offer you additional links. Take your time and browse the site to find what you are looking for, no matter if you want to 'do it yourself' or need assistance from a loan modification company.



What Is A Mortgage Loan Modification?

A loan modification is a restructured agreement between the borrower and mortgage lender with revised terms and interest rates. Mortgage loan modifications are long-term solutions for borrowers who are considering a foreclosure or bankruptcy. Banks typically agree to modify a mortgage note when they believe the borrower never has a chance repay the current loan with their existing circumstances. Mortgage loan modifications are primarily used as a tool to stop a looming foreclosure.

A large number of clients will find themselves using a Loan Modification Plan to stop foreclosure. If you can currently make your regular payment, but you can't catch up with the past-due amount, we will negotiate with your lender to fold any past-due amounts, including interest and escrow, into the unpaid principal balance. This new amount will be re-amortized over a new period of time.

Or, if you are unable to make payments at this rate, we will negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level.

In some cases if you are upside down on your mortgage the bank may reduce how much you owe on the the mortgage bringing your payments down and also your interest rate to a more affordable term. Most lenders are offering rates between 2% and 7.5% to get the mortgagee back on the right track of home ownership.

A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.

Refer to the navigation bar on the left to read more about loan modification, sources of help, mortgage companies that can assist you as well as organizations that established help line and information resources for troubled homeowners.

Our section Refinance Mortgage gives you even more information in case you don't have a hardship and have general (or particular) interest to learn more about how to refinance mortgage loans.

In addition we have a whole section dedicated to FHA Loan Requirements, FHA Loan Rates, FHA Loan Limits, and current mortgage refinance rates. All important topic besides looking into home loan modification.

Our section 'Debt Related Topics' includes a large selection of tools and informative pages when it comes to debt relief and debt consolidation.

And last, but not least, the section 'Reverse Mortgage' gives you plenty of insights in reverse mortgage and what you need to know about it before you would consider it.

If you want information about anything that is not covered here, feel free to contact us and let us know. Enjoy your visit and come back often -- Thank you from loan-modification-tips.com


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Loan Modification News and Updates
This Blog and our site were created for you to keep up-to-date on recent developments in reference to home loan modifications. We also give you updates on Mortgage News.
Mortgage Refinancing Books - Check out these books about loan modification.
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Loan Modification Questions
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Mortgage Loan Modification - The ins and outs you need to know.
Mortgage Loan Modification - The ins and outs you need to know when looking into home loan modification and mortgage refinance.
DIY Loan Modification
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How to write a hardship letter to support the workout process with your lender.
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Loan Modification Agreement - what is it and what is important to know
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Loan Modification Companies - what to look for and how they work
Loan Modification Companies - what to look for and how they work
Loan Modification With Balloon Payment - Learn here what it is all about.
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Streamlined Modification Program - Affidavit of Financial Hardship
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Loan Modification Scams - How to recognize and avoid them.
Loan Modification Scams - Learn here how to recognize and avoid them when applying for a loan modification.
Loan Modification Sites - Read all about Home Loan Modification here
Loan Modification Sites - Read all about Home Loan Modification here on Loan-Modification-Tips.com. A directory with tips and for loan modification companies.
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Legal Disclaimer for Loan-Modification-Tips.com
Legal Disclaimer for Loan-Modification-Tips.com
Bank of America Loan Modification - Help and DIY tips when applying with BoA
Bank of America Loan Modification - Help and DIY tips when applying for loan modification with Bank of America.
Citibank first mortgage loan modification; How to modify your Citibank home loan
Citibank first mortgage loan modification; How to modify your Citibank home loan. Find details about their loan modification program and numbers how to reach the department you need.
Countrywide Loan Modification - Get help when dealing with Countrywide
Countrywide Loan Modification - Get help with your loan modification request Countrywide - Bank of America took them over.
HSBC Loan Modification - Tips for a quick HSBC Loan Process
HSBC Loan Modification - Tips for a quick HSBC Loan Process
Nation Point - Another mortgage scam?
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Peak Home Loans - How to refinance your mortgage with Peak Home Loans
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WaMu Loan Modification - Get help with your WaMu loan, now handled by Chase
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Wells Fargo Loan Modification - Payment Help - Alternative Repayment Options
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FHA Appraisal Guidelines - Free info about FHA loan guidelines and requirements
FHA appraisal guidelines and FHA appraisal loan requirements. These topics are essential in the loan application process.
FHA Loan Limits - Get free info on mortage loan limits and FHA loan rates.
FHA loan limits vary based on a variety of housing types and the state and county in which the property is located. Find details and current fha loan rates on our site.
FHA Loan Rates - Free Resource for FHA Rates. Current and past mortgage rates.
FHA Loan Rates are shown on our site. YOUR free resource for current mortgage rates. Find the best refinance rates here.
FHA Refinancing | FHA mortgage refinancing | FHA qualifications
FHA Refinancing. Get free tips about refinancing FHA loans and FHA qualifications. See current FHA loan rates and FHA loan limits.
FHA Loan Requirements - Find the details you need when looking into a FHA loans
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Refinance Mortgage - How to refinance your mortgage. Tips and tools.
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When to Refinance Mortgage - Refinancing Your Home - How and Why?
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Mortgage Refinance Calculator Rate - we have all the calculators you need.
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Mortgage Rate Chart - A selection of current and historical mortgage rates
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Current Mortgage Rates - We have today s fha mortgage rates all in one chart.
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Reverse Mortgage Pros and Cons - Reverse Mortgage Good and Bad
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Loan Modification Software - read reviews about current software available.
Loan modification software has entered a new phase for managing, calculating, sending, packaging each loan mod for successful loan mod completion.
Web Site Policies for Loan Modification Tips and Advice
Information about the site policies at Loan-Modification-Tips.com.

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