What Is a Loan Modification Program?

Answer The loan modification program is a plan from the Obama Administration to help combat the high rate of foreclosures that began occurring in 2008. People who traditionally could not qualify for mortg... Read More »

Top Q&A For: What Is a Loan Modification Program

What is the government loan modification program?

The federal Making Home Affordable program was established to help homeowners refinance or modify their mortgages. Its goal is to make monthly payments affordable.HistoryIn February 2009, the Obama... Read More »

How to Do Loan Modification?

Are you tense by a mortgage payment you can't afford? Does foreclosure appear like a very real option? There is help available in the form of reduced payments if you recognize what to do. We will t... Read More »

How to Do Loan Modification by Yourself?

Literally 12 million out of 75 million US households are in trouble. They owe more than the actual net worth of their house and this is almost $ 700 Billion of negative equity. Learn in this articl... Read More »

What Is A BTO Modification Loan?

A BTO (built to order) modification loan is a loan whose terms are formulated by the bank and the debtor. It enables the two parties to agree to amicable payment terms of a loan so the loan may be ... Read More »