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

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

   FHA loan modification: There are a few options for an FHA loan modification, including an interest-free loan for up to 30 percent of your balance or a 40-year loan extension.

3. Guide to refinancing an FHA loan to a conventional loan - AOL

   www.aol.com/finance/guide-refinancing-fha-loan...

   You can get rid of FHA mortgage insurance. In most cases, for an FHA loan originated after 2013, you have to pay mortgage insurance premiums (MIP) on FHA loans for the loan’s lifetime. (The only ...

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

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

   A loan modification is a form of relief for borrowers struggling to make mortgage payments. A refinance is something you choose to do — if you don’t refi, the consequences are minor.

5. Loan modification in the United States - Wikipedia

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

   Servicers that modify loans according to the guidelines will receive an up-front fee of $1,000 for each modification, plus “pay for success” fees on still-performing loans of $1,000 per year. Homeowners who make their payments on time are eligible for up to $1,000 of principal reduction payments each year for up to five years.

6. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

7. FHA cash-out refinance guide - AOL

   www.aol.com/finance/fha-cash-refinance-guide...

   Mortgage insurance: All FHA loans, including cash-out refinances, require mortgage insurance. You’ll pay an upfront premium of 1.75 percent of the loan amount, then an annual premium that ranges ...

8. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   On many loan programs there are minimum score guidelines. The most influential aspect of the credit report is quality of the credit on a person's current housing. For an example, if the borrower already has a mortgage, whether or not the borrower has paid that mortgage on time is indicative of how well they will pay in the future. This also ...

9. How to remove mortgage insurance on an FHA loan - AOL

   www.aol.com/finance/remove-mortgage-insurance...

   If you meet the eligibility requirements to remove MIP from an FHA loan, your mortgage servicer should automatically cancel the premiums once you meet the criteria (a 78 percent LTV ratio or 11 ...