Loan Modification
June 1, 2011
If you are looking for a Texas loan modification for your Texas property, you will need to speak to your lender about the various programs that they are offering. Typical loan modifications are where the lender modifies your existing mortgage to lower your payment by lowering your interest rate at least 2% and extending your… Read More »
Loan Modification
January 14, 2011
Loan modifications are helping millions of people save their homes from foreclosure. A modification is one of the most popular foreclosure options that borrowers are turning to if they want to keep their home, but are experiencing a financial hardship. The government has put pressure on loan servicers and lenders to work with borrowers to… Read More »
Loan Modification
March 11, 2010
If your lender has instituted foreclosure proceedings or you are in default on your mortgage, you may want to look into getting a loan modification. A loan modification can lower your monthly mortgage payment to one that you can afford so you don’t lose your home to foreclosure. What is a Loan Modification? A loan… Read More »
Loan Modification
November 6, 2009
The US Government has established a program to assist with modifying loans for properties under foreclosure distress. The Home Affordable Modification Program (HAMP provides incentives to loan servicers and financiers willing to modify loans for real estate with loans at the risk of foreclosure. HAMP was set up to have 500,000 high risk loans under… Read More »
Loan Modification
October 23, 2009
REO foreclosures are intimidating to many home owners as they are on the increase. There are so many companies that have come out of the “wood works,” attempting to offer loan modification methods to help in the foreclosure process. Some of these loan modification companies charge exorbitant fees and some are shady and cannot help… Read More »
Loan Modification
September 15, 2009
Since the beginning of the US Federal program to improve home loans into more affordable products for borrowers, about 12 percent of eligible borrowers have taken up the opportunity. Since March over 360,000 borrowers had received three month trial loan modifications through to August. If borrowers keep up their payments during the trial period then… Read More »