What is a mortgage loan modification? > Consumer Financial ...

A mortgage loan modification is a change in your loan terms. The modification should be designed to reduce your monthly payment to an amount you can afford.

Modifications come in different forms. Some extend the number of years you have to repay the loan. Others might reduce your interest rate or even reduce your principal to help you make your monthly payments.

Tip:

Carefully consider...

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Website: consumerfinance.gov

Related topics : mortgage loan modification form / mortgage loan modification tips / loan modification mortgage / mortgage loan rate of interest / mortgage rate home loan

StopFraud.gov - Protect Yourself

Mortgage, Loan, Lending and Related Fraud

Mortgage, Loan, Lending and Related Fraud

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Traditional mortgage fraud includes situations in which homebuyers and/or lenders falsify information to obtain a home loan. Homebuyers should never sign mortgage documents that have incomplete or inaccurate information.

Mortgage Rescue and Loan Modification Scams: Many so-called foreclosure rescue companies or foreclosure assistance firms claim they...

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Website: http://www.stopfraud.gov

Related topics : mortgage loan modification tips / mortgage loan modification programs / loan modification mortgage / loan home mortgage / mortgage debt loan

Example Letter to a Mortgage Company Requesting a Loan ...

If continuing to pay on your mortgage has become a hardship , as it has for millions of homeowners, you have some choices. You can of course let the property go into foreclosure, or you can apply for a loan modification from your lender that will make your monthly payments fit better in your current budget.

If foreclosure looks like a reality, you should at least try working out a loan...

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Website: http://moneysmartlife.com

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Stop Mortgage Fraud | State of California - Department of ...

5 Tips to Avoid Being Scammed

Don't pay up-front fees. Foreclosure consultants are prohibited by law from collecting money before services are performed.

Don't ignore letters from your lender or loan servicer. Responding to those letters is your best bet for saving your house.

Don't transfer title or sell your house to a "foreclosure rescuer." Beware! This is a scam to convince homeowners they...

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Date: 2017-02-28 08:55:09
Website: https://oag.ca.gov

Related topics : direct loan servicing payment / mortgage loan debt forgiveness / mortgage loan modification programs / equity loan mortgage lenders / direct loan servicing center tax documents

Modification Formulas for Eligibility and Outcomes

Loan Modification: Eligibility and Outcomes Per Loan Type:

Learn your Loan Type First

Prepare your numbers to fit eligibility for Loan Modification:

Formulas and Outcomes for all Loan types: Fannie, Freddie, FHA, V A and Conventional.  For additional help, please fill in the form below.

Unemployment benefits. Are they now allowed? (as of 2/10/11) Wells Fargo CEO area has reported that "for...

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Website: http://www.operationrest.org

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Home Loan Modification Requirements | How to qualify for ...

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Home Loan Modification Requirements

The primary consideration for approval for a home loan modification is that the home owner(s) can afford the new payment structure of the modified home loan. The applicant must produce the appropriate documentation to be considered for a modified home loan. These documents are...

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Website: http://attorneyloanmodifications.com

Related topics : home owner loan / new home loan / home credit loan requirements / loan home mortgage / home credit loan number