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  2. 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. You might ...

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

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

    A mortgage loan modification is a solution for borrowers facing long-term financial hardship. If you’re struggling to make your mortgage payments and don’t foresee changes to your income, work ...

  4. What is loss mitigation? - AOL

    www.aol.com/finance/loss-mitigation-131710263.html

    Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options ...

  5. Loan modification company - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_company

    When a mortgage is modified, the original terms of the home loan contract between a lender and a borrower are renegotiated and then altered, usually in the favor of the borrower. Many homeowners choose to obtain modifications to their home loans when they are struggling to pay their mortgages or hope to avoid foreclosure. In order to expedite ...

  6. What is debt forgiveness? - AOL

    www.aol.com/finance/debt-forgiveness-202301471.html

    If a borrower is struggling to make payments, the options are: ... Get relief from the stress and uncertainty of struggling to make mortgage payments. Cons. Mortgage debt forgiveness may have tax ...

  7. Behind on mortgage payments? 6 ways to catch up - AOL

    www.aol.com/finance/behind-mortgage-payments-6...

    Mortgage forbearance is a type of payment relief that temporarily suspends or reduces your payments for a set period. During this period, the record reflects that you’re current on your mortgage.

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

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

    There are other options if you’re struggling to make your payments, including forbearance and asking your lender about in-house loan modification programs. Show comments Advertisement

  9. Mortgage refinance: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-refinance-does...

    If you’re struggling to make your mortgage payments and are at risk of foreclosure, your lender might offer you a short refinance. In this type of refinance, your new loan is lower than the ...

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