When you apply for a mortgage modification, one of the key components of the loan mod package is the hardship letter that explains why you're making the request. Learning the proper format and ...

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As a trusted personal finance writer and mortgage specialist, Maryalene LaPonsie has interviewed hundreds of certified financial planners, CPAs and wealth advisors, and distills their expertise into ...

Certain mortgage payment-lowering options may bring financial relief this fall. Here's what owners need to know.

A mortgage modification can help you get better terms on your home loan if you’re struggling to make payments. The Flex Modification program is designed to help homeowners who have mortgages that are ...

ATLANTA - Let’s say you bought your present home in November of 2018, just about a year ago. You wanted a fixed-rate loan, so you selected a reputable lender, who offered a 30-year loan fixed at 4.75% ...

Loan modifications offer one strategy to prevent mortgage foreclosures by lowering interest rates, extending loan terms and/or reducing principal balance owed. Yet we know very little about who ...

What Is Mortgage Loan Modification? Loan modification isn't the same as refinancing, it's a negotiation between you and your lender. Since lenders are in the business of financing real estate, not ...

CRED iQ’s research team has been closely monitoring loan modifications during this period of significantly elevated interest rates. As expected, loan modifications surged in 2023 as borrowers worked ...

I applied for a modification of my home loan due to the uncertainty of my job. It’s a regular 30-year mortgage with a rate of 5.25%. I owe $370,000 on it. I found out last year, after talking to a few ...

Loan modifications and short-term loan extensions have been popular tactics among borrowers and lenders on loans backing properties facing vacancy and value declines since the pandemic. A staggering ...

The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners’ monthly payments. But as the drive to make more loan modifications ...