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2. 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 ...

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

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   A loan modification, on the other hand, is a loss mitigation option you might need to do if you are struggling to make mortgage payments. Without a loan modification, you risk going into default ...

4. 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.

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

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   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 ...

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

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

   Authorize the Secretary of Housing and Urban Development to pay out all or some of the balance owed on any Federal Housing Administration-insured loans that are modified under the legislation. Expand the HOPE for Homeowners program; Provide a legal safe harbor from liability for lenders that enter into loan modifications or workouts with borrowers.

7. 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 ...

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

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

   Mortgage modifications are commonly for borrowers facing financial hardship. ... Homeowners looking to modify their mortgage may also want the help of a real estate lawyer to review the new terms ...

9. Flex Modification Program (FMP): Everything you need to know

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

   The Flex Modification program is a conventional loan modification program designed to help homeowners who are experiencing long-term or permanent financial hardship. Using this program can help ...