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  2. 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.

  3. 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 ...

  4. 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 ...

  5. Loan modification in the United States - Wikipedia

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

    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. The program will provide one-time bonus incentive payments of $1,500 to lender/investors and $500 to servicers for modifications made while a borrower is still current on mortgage payments.

  6. 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 ...

  7. 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

  8. Missing mortgage payments: How many can I miss before ... - AOL

    www.aol.com/finance/missing-mortgage-payments...

    The ideal strategy is to make full and timely mortgage payments to avoid late fees or, potentially, foreclosure. If you find that late or missed payments are likely, call your loan servicer as ...

  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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