What is considered a hardship for a loan modification?

Answer A loan modification program offers assistance to homeowners in danger of foreclosure. If you are having trouble making the monthly mortgage payment due to a number of circumstances, you may qualify... Read More »

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How to Write a Hardship Letter for Mortgage Loan Modification?

A hardship letter is the key factor of getting approved for the loan modification program. If you can write a prefect and accurate hardship letter, you can easily get approved for the loan modifica... 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 »

What is a home loan modification?

Adjusting interest rates, a job loss or other extenuating circumstances can leave a borrower unable to make his mortgage payments. Should this occur, he may attempt to obtain a home loan modificati... Read More »

What is a streamline loan modification?

A streamline loan modification is also known as a streamline refinance. This occurs in mortgage loans exclusively and for FHA backed mortgages only. The FHA streamline refinance allows the borrow... Read More »