Having trouble affording your mortgage payments due to financial hardship? Learn what a mortgage loan modification is, if you qualify based on your circumstances, and steps for applying to get ...

The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 ...

A loan modification and a mortgage refinance aim for the same goal — to save you money by lowering your monthly payments. However, when it comes to which option you should choose, keep in mind ...

A loan program that can help with housing costs is flying under the radar in Berkshire County. The Home Modification Loan Program is a state-funded initiative that provides up to $50,000 in financing ...

If you’re struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out of foreclosure — and you stay put.

The $75 billion Home Affordable Modification Program, or HAMP, has resulted in the permanent modification of more than 389,000 loans, saving homeowners a median of more than $500 a month.

While an out-of-work person can, theoretically, get a loan modification under HAMP by proving eligibility for at least nine months of unemployment benefits, the program isn’t set up to handle ...

To bolster its effort to reduce foreclosures, today the Obama administration announced new changes to its Home Affordable Modification Program. The proposed measures include allowing unemployed ...

Like the refinance program, the loan modification part of the administration program ignores negative equity and offers help only to owner-occupants. Investors are not eligible.

Forget the federal loan-modification program, which has struggled to get much done.

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications are for homeowners experiencing financial hardship who are unable to ...