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Bank of America offers different modification programs which may be available to qualifying borrowers who are experiencing financial hardship. The goal of these programs is to modify your home loan so the monthly payments are more affordable and sustainable.
What else can I help you with?
Where do I apply for a home loan modification refinance?
You need to contact your current mortgage lender to apply for this type of refinance. Since it is only a modification of a current loan, they will need to be the ones you go through.
How do you get loan modification?
You have to apply to your lender for a loan modification. Some people use attorneys to make application on their behalf, and others choose to go the "do it yourself mortgage modification" route. If you decide to do your own home loan modification, make sure you get your paperwork correct. You need to know precisely what your lender requires, otherwise your application will be rejected. It may be a good idea to buy a loan modification system that can show you, step by step, how to go about the loan modification application.
Loan modification -fee or no fee?
Do not let anyone charge you an up front fee for a loan modification. Go see you bank and run whatever this proposal is past them.
Does Freedom Finance provide home loans?
Yes you can obtain a home loan through Freedom Finance. All you need to do is go through the approval process and you are well on your way to your new home loan.
How do you save your house from foreclosure while drawing unemployment?
The first thing you need to do is contact the bank; mortgage company that your home loan is through and discuss your situation with them. You can attempt to get a loan modification. You can go to makinghomeaffordable.gov They have a lot of different programs on this site & you can check to see if you would qualify for one or more programs. The key is to be persistent with your loan company. It may take many calls and tons of follow ups, but if you are in the process of a loan modification they cannot foreclose on your property. They can still make all the progress to get the house foreclosed, but cannot actually sell it while you are going through the process.
Where might one go to get a home loan?
One can go to most major banks to apply for a home loan. One could go through a mortgage broker who will find the best loans at the best rates for what one needs.
Do you have to go to court for a foreclosure summons if you have a modification loan?
OH YES! Many a homeowner has found out the hard way that once foreclosure starts, they had better monitor everything that happens - even if they have refinanced or got a modification loan. If a summons arrives - go to court and present your loan documents! If you fail to show up, they may go through with the foreclosure and then you are left to straighten out the mess after the fact. You might even find the house sold out from underneath you and the sheriff showing up and evicting you even though you are current in your payments on your loan. There have even been instances where a foreclosure went forward on a home that was PAID OFF. If you get a summons - show up and protect yourself!
How would one get a mortgage loan modification?
A loan modification is necessary when someone is facing financial hardship and is having trouble keeping up with the terms of the mortgage in its present state. One would go to the bank and renegotiate and modify the terms of the loan to ease their financial obligations.
Consumer Alert - Advance Fees and Loan Modification Services If you are behind in your mortgage payments you may be contacted by individuals or companies that will offer to help you work out a loan?
Loan modification companies who ask for upfront fees or charge may be questionable. Best practice is to make an agreement of a service charge once the loan mod application is approved by creditor. There are many payment schemes for this but do not go for advance payments.######Another viewpoint by Gail Simmons:A little known fact is that banks and loan servicers hate working with loan modification companies and attorneys. You, as the homeowner, are your best advocate. You will fight the hardest to keep your home using a loan modification. You just need the right tools and strategies to overcome the stall tactics loan servicers like to use.You can check out the resources available at http://LoanModificationHomeownerResources.Org
What is the best way to get a loan modification?
The safest way to get a loan modification is to contact a counselor with a HUD approved counseling agency.To find a HUD approved counselor in your area search for "HUD housing counselors". This will take you to HUD.Gov. Click on your state and go from there.
How could one pay a home mortgage online?
You can pay a Home Mortgage online. If your loan is with Wells Fargo, Chase Bank, Bank of America or US Bank you can go to their website and pay your Mortgage loan there. However if your Loan is with a Mortgage Company such as Plaza Home Mortgage you will have to go through your own Bank's Bill pay system to pay your loan online.
i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?
It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com
