Loan Modifications

Loan Modification or Mortgage Modifications is a process of modification of the contract or terms and conditions for any kind of loan.
  • Loan Modification Programs
    There are many loan modification programs in existence that are meant to help people in debt and other hardships. Here is some information about the same.
  • FHA Loan Modification
    The term FHA loan modification stands for Federal Housing Administration Home Affordable Modification Program which comes under the Making Home Affordable program of the United States. The principal aim of this program is to reduce the liability of monthly installments that homeowners face.
  • Loan Modification Hardship Letter
    Any loan, by law can be subject to a proper loan modification. The loan modification hardship letter is an important document that one needs to send to a lender while opting for a modification. Here, we have provided a sample letter which will help you draft a hardship letter that can get you a fair and square loan modification.
  • Mortgage Modification Program
    People facing economic hardships and cannot afford their monthly mortgages have help at hand. They can modify their mortgage and lower the payment by about 31 percent of their income, thanks to the housing plan developed by the Obama administration. But there are certain requirements to be fulfilled in order to be eligible for this modification plan.
  • Loan Modification Agreement
    There are several cases where the loan installments and rate of interest seem very exorbitant. The loan modification agreement is used to modify the terms and conditions of the loans that seem exorbitant.
  • Sample Letters to Creditors
    The process of communication between the creditors and their debtors can be complicated, and has to be dealt with caution. Letters to creditors are extremely important, and have to be written properly. Here, we have provided a couple of sample letters to creditors which will help you draft one for yourself.
  • Letters of Financial Hardship: Letter to Stop Foreclosure
    A letter stating financial hardship can help a borrower come out of a difficult situation of foreclosure. Read on to know more about the letter to stop foreclosure.
  • How to Write a Letter of Hardship to Creditors
    Hardship letter is the letter from a debtor to the creditor, justifying reasons for delinquency in debt repayment. Conveying the details about your current financial position and your plans to arrange for the payments form an integral part of a hardship letter.