Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

To get a lower mortgage payment, you’ll likely need to focus on modifying the principal, interest, taxes or insurance you pay ...

A loan modification is often billed as a lifeline for homeowners in trouble. But if you ask Johnnie Jefferson, an 85-year-old resident of Richmond, TX, she’d tell you that a loan modification has ...

The relationship between lenders and property owners is experiencing a significant transformation. In the past, lenders were often eager to reclaim properties in a default. However, a paradigm shift ...