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2. Mortgage loan modification: What it is and how to get one - AOL

   www.aol.com/finance/mortgage-loan-modification...

   USDA loan modification: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate and receive a “mortgage recovery advance,” a one-time ...

3. Loan modification vs. refinance: Which option is best for you?

   www.aol.com/finance/loan-modification-vs...

   Unlike refinances, loan modifications do not require proof of income to get approved. You will need to provide documentation of a financial hardship, however. You need immediate relief.

4. What to do when your mortgage application gets denied - AOL

   www.aol.com/finance/mortgage-application-gets...

   High debt-to-income ratio: Your debt-to-income ratio (DTI) lets lenders know how much monthly debt you have to pay (including rent or mortgage costs, student loans, credit card debt and auto loans ...

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. What is conditional approval in a mortgage application? - AOL

   www.aol.com/finance/conditional-approval...

   Initial mortgage approval, often known as preapproval, is an early stage where the lender provides an estimate of what you may qualify for, based on a preliminary review of your income and credit ...

7. Homeowners Affordability and Stability Plan - Wikipedia

   en.wikipedia.org/wiki/Homeowners_Affordability...

   The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]

8. How does my credit score affect my loan chances? - AOL

   www.aol.com/finance/does-credit-score-affect...

   A good credit score can increase your chances of approval and help you qualify for lower interest rates. Lenders also consider your income, employment, and current debts when evaluating your loan ...

9. How the Flex Modification Program Works - AOL

   www.aol.com/flex-modification-program-works...

   The Flex Modification program was created to replace existing mortgage modification programs, including the Home Affordable Modification Program (HAMP) and the Standard Modification program. The ...