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2. This under-the-radar mortgage hack is saving some ... - AOL

   www.aol.com/finance/under-radar-mortgage-hack...

   With this in mind, homeowners can ask for a mortgage rate modification. This is an agreement between a borrower and their lender to adjust the interest rate on a loan without a full refinance. How ...

3. How to lower your mortgage payment

   www.aol.com/finance/lower-mortgage-payment...

   Recast your mortgage. Eliminate your mortgage insurance. Modify your loan. Lower your taxes. Shop around for a lower homeowners insurance rate. Apply for mortgage forbearance. 1. Refinance to ...

4. Why Slashing Your Homeowners Insurance Coverage to Save Money ...

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   Mortgage lenders require homeowners to maintain coverage equal to the home's value. This is to protect their investment in the property. If the homeowner lacked adequate insurance and then a ...

5. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

6. Helping Families Save Their Homes Act of 2009 - Wikipedia

   en.wikipedia.org/wiki/Helping_Families_Save...

   Among other modifications, the bill would allow bankruptcy judges to reduce the principal amount contractually owed by the borrower under the original mortgage. Proponents of cram down, chiefly Democrats, have cited studies saying that the provision could have helped 20% of homeowners facing foreclosures stay in their homes.

7. 'It has just wrecked my whole life': Texas woman, 85, says ...

   www.aol.com/finance/just-wrecked-whole-life...

   5 minutes could get you up to $2M in life insurance coverage ... the ordeal began in 2012 when Jefferson verbally agreed to a loan modification. It has since escalated into a legal battle over ...

8. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   Loan modification: This is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. The most common modifications are lowering the interest rate and extending the term to up to 40 years. Reduction in the principal balance, however, is so rare that the Federal Reserve wrote in a report that ...

9. Mortgage insurance vs homeowners insurance: what’s the ...

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   Mortgage insurance — sometimes referred to as PMI — financially protects your lender if you default on mortgage payments; homeowners insurance financially protects your home with coverage for ...