Loan Modification

Frequently Asked Questions

• What is a loan modification, and how will it help me with my mortgage?
    A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more
• How do I know if I am eligible for a loan modification under the “Making Home Affordable
  You may be eligible if: • You are the owner occupant of a one to four unit home, • The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (Don't know? See below), … more
• What supporting documentation do I need to provide to get a loan modification?
  There may be certain information required by your lender that varies depending on the particular loan modification program for which you are applying.  However, generally it will help your … more
• What's the difference between loan modification and debt settlement?
  Debt settlement typically involves working with a professional debt settlement company to negotiate with the creditors to whom you owe debts. Your creditor may, for example, accept a one-time … more
• How long does it take to get a loan modification?
    The length of time that it takes to get a loan modification depends greatly on how long it takes your mortgage holder to process your loan modification, as well as how long it takes you to … more