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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 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.

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

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

   In-house modification: Many mortgage lenders have created their own in-house modification programs that come with different terms than the FMP. Contact your lender to find out if it offers a ...

5. 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.

6. Mortgage modification - Wikipedia

   en.wikipedia.org/wiki/Mortgage_modification

   The emergency loan-modification options give homeowners the potential to extend amortization periods on their homes if experiencing significant financial hardship or foreclosure. These options can offer extensions up to a 40-year amortization, if a 15-year extension is granted on a previous 25-year amortization mortgage.

7. How the Flex Modification Program Works - AOL

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

   A mortgage modification can help you get better terms on your home loan if you're struggling to make payments. ... set by the program if you’re approved. There’s a trial period you have to go ...

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. Second Chance for Loan Modifications - AOL

   www.aol.com/news/2010-03-23-second-chance-for...

   Turned down for a mortgage modification? You may now have a second chance. ... Second Chance for Loan Modifications. Bendix Anderson. Updated July 14, 2016 at 9:01 PM. Foreclosure assistance.