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MORTGAGE LOAN MODIFICATION 101

by Jamie Gold
1/27/2009

In recent years a record number of Americans have lost their homes due to foreclosures. A record number of homeowners lost their homes in ’07 and ’08, and that number is continuing to grow in ’09. It is absolutely devastating to know that people have lost homes and so many others are on the verge of loosing homes. People are loosing their homes because they cannot pay mortgage. They are having difficulties paying their mortgages due to loosing jobs, having their income reduced, getting sick, and having other unexpected events.

To mitigate the damage, the government is now trying to help homeowners keep their homes. Fannie Mae and Freddie Mac’s announced that the new program, which went live December 15, aims to speed up the loan modification process.

Are you currently having difficulties paying your mortgage due to being unemployed?

Are you currently having difficulties paying your mortgage due to reduction in income?

Are you currently having difficulties paying your mortgage due to illness or injury?

Are you currently having difficulties paying your mortgage due to a divorce?

Are you currently having difficulties paying your mortgage due to an unexpected life event?

If you’ve answered “yes” to any of the questions above and may be eligible to get assistance. You should call your bank or your mortgage broker and ask for an assistance program.

In this article, I would like to discuss one of the programs available – Mortgage Loan Modification.

What is Mortgage Loan Modification?

The mortgage loan modification program is designed to help customers avoid foreclosure and remain in their homes as mortgage defaults continue to rise. A mortgage loan modification is a restructured agreement between the borrower and mortgage lender with revised terms and/or interest rates.

When can you apply for a Mortgage Loan Modification?

You can apply for a Mortgage Loan Modification if you can make payments on your loan, but you don't have enough money to bring the account current, or you can't afford the total amount of your current payment.

How can Mortgage Loan Modification help you?

Mortgage Loan Modification can modify the terms of your original loan to make the payments more affordable:

Mortgage Loan Modification can lower your monthly payments.

Mortgage Loan Modification can reduce your principal balance.

Mortgage Loan Modification can remove your adjustable rate.

Mortgage Loan Modification can get you into a fixed rate.

When you go forward with a Mortgage Loan

Modification, there are no closing costs.

When you go forward with a Mortgage Loan Modification, there are no appraisal fees.

When you go forward with a Mortgage Loan Modification, there are no credit checks.

Again, if you are in trouble and think that mortgage loan modification is for you, you should call your bank or your mortgage broker and ask about this program. If you do not qualify for mortgage loan modification program, you should ask for other programs. There is a number of different programs to help home owners and you may qualify for one of them.

For more information on Mortgages, please visit Mortgages section

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Comments: 11
john wrote:
It is estimated that it could benefit 3 to 4 million homeowners from the new modification procedures. So how do you qualify for the Mortgage Modification? Check the website http://mortgagemodificationprogram.blogspot.com
to see if you qualify. I was in trouble I am glad I did check it before I talk to my mortgage company and it worked - John Mayer, California
LOAN wrote:
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
OUR. VISION IS TO MEET YOUR FINANCIAL
PROBLEM BY OFFERING YOU LOAN
LOAN OFFER
Please visit our list of products and services available bellow and
feel free to contact us, should you have any questions or concerns or
should you wish to place your order online or via phone. Our team is
available 24 hours a day, 7 days a week.
Here at C-W INVESTMENT LOAN SERVICE we can offer you complete
solutions to better the performance and success of your business eg
School loan:
Construction loan:
consumers:
Home loan:
Dept loan:
Others:
C-W INVESTMENT LOAN SERVICE
Over 25 years of experience
FILL IN this form
NAME ..........PHONE NUMBER.............
COUNTRY .......AGE......PURPOSE OF LOAN....
amount requires.........monthly income........
DURATION OF LOAN.................
Email contact: cwinvestmentloanfirm@gmail.com
Over and over again, your success is our success
LOAN wrote:
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
OUR. VISION IS TO MEET YOUR FINANCIAL
PROBLEM BY OFFERING YOU LOAN
LOAN OFFER
Please visit our list of products and services available bellow and
feel free to contact us, should you have any questions or concerns or
should you wish to place your order online or via phone. Our team is
available 24 hours a day, 7 days a week.
Here at C-W INVESTMENT LOAN SERVICE we can offer you complete
solutions to better the performance and success of your business eg
School loan:
Construction loan:
consumers:
Home loan:
Dept loan:
Others:
C-W INVESTMENT LOAN SERVICE
Over 25 years of experience
FILL IN this form
NAME ..........PHONE NUMBER.............
COUNTRY .......AGE......PURPOSE OF LOAN....
amount requires.........monthly income........
DURATION OF LOAN.................
Email contact: cwinvestmentloanfirm@gmail.com
Over and over again, your success is our success
LOAN wrote:
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
OUR. VISION IS TO MEET YOUR FINANCIAL
PROBLEM BY OFFERING YOU LOAN
LOAN OFFER
Please visit our list of products and services available bellow and
feel free to contact us, should you have any questions or concerns or
should you wish to place your order online or via phone. Our team is
available 24 hours a day, 7 days a week.
Here at C-W INVESTMENT LOAN SERVICE we can offer you complete
solutions to better the performance and success of your business eg
School loan:
Construction loan:
consumers:
Home loan:
Dept loan:
Others:
C-W INVESTMENT LOAN SERVICE
Over 25 years of experience
FILL IN this form
NAME ..........PHONE NUMBER.............
COUNTRY .......AGE......PURPOSE OF LOAN....
amount requires.........monthly income........
DURATION OF LOAN.................
Email contact: cwinvestmentloanfirm@gmail.com
Over and over again, your success is our success
LOAN wrote:
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
OUR. VISION IS TO MEET YOUR FINANCIAL
PROBLEM BY OFFERING YOU LOAN
LOAN OFFER
Please visit our list of products and services available bellow and
feel free to contact us, should you have any questions or concerns or
should you wish to place your order online or via phone. Our team is
available 24 hours a day, 7 days a week.
Here at C-W INVESTMENT LOAN SERVICE we can offer you complete
solutions to better the performance and success of your business eg
School loan:
Construction loan:
consumers:
Home loan:
Dept loan:
Others:
C-W INVESTMENT LOAN SERVICE
Over 25 years of experience
FILL IN this form
NAME ..........PHONE NUMBER.............
COUNTRY .......AGE......PURPOSE OF LOAN....
amount requires.........monthly income........
DURATION OF LOAN.................
Email contact: cwinvestmentloanfirm@gmail.com
Over and over again, your success is our success
Maleekfinancials wrote:
Hello,

Do you need a Loan at a low interest rate? Do you have Bad or No Credit? Do you need money to start up a business? Do you need a Car Loan? You want to re-mortgage your house? Are you in need of a Large Capital to start up a Large Scale Company? You have a right solution to all these! For more Info on Loan and Loan terms, please send an Email. All Inquiries should be directed in the form of a formal e-mail with the contact Information found below: Email via: maleekfinancials@outlook.com
LOAN APPLICATION FORM NEEDED.

So, fill the loan application form below.
LOAN APPLICATION FORM NEEDED.

1). Full Names:
2). Country:
3). State:
4). City:
5). Address of Applicant:
6). Telephone:
7). Gender:
8). Marital Status:
9). Occupation:
10). Monthly Income:
11). Loan Amount:
12). Loan Duration:
13). Purpose Of Loan:

Regards,
Maleek.
katey34 wrote:
I live in usa and life is worth living comfortably for me and my family now and really have never seen goodness shown to me this much in my life as I am a mother who struggles with three children and I have been going through a problem as seriously as my husband found a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and I could not pay the bills, then your surgery went to the bank to borrow and reject me saying that I have no credit card, from there i run to my father and he was not able to help, then when I was browsing through yahoo answers and i came across a loan lender MR TONY HARTON, offering loans at affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, I had no choice but to give it an attempt and surprisingly it was all like a dream, I got a loan of $ 50,000 and I paid for my husband surgery and thank God today is good and you can walk and is working and the burden is no longer so much on me more and we can feed well and my family is now happy today and i said to myself that I will mourn aloud to the world of the wonders of God to me through this lender GOD fearing MR TONY HARTON and I would advise anyone in need of loan to contact this God fearing man to financialhome@outlook.com contact his email now for any financial problem
loanner wrote:
Good day ladies and gentle men am Mrs Lily Brown a God fearing and honest loan lender who can change your life from bad to Good i want you to understand the fact that i give my loans out in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret in this loan transaction because i will make you smile through out this transaction, because you where not born to be a loser my terms and conditions are very simple what are you waiting for asap why don't you try Mrs Lily Brown loan company and be free from debts,only serious clients should contact me Asap via Emai:(mrslilybrownco9@gmail.com) for further proceeds.


Please fill the below application form and get back if interested and
you will be glad of knowing a loan lender like Mrs Mrs Lily Brown

BORROWER'S DATA

1)Full Names:
2)Country:
3)address:
4)State:
5)Gender:
6)Marital Status:
7)Occupation:
8)Phone Number:
9)Monthly income:
10)Loan Amount Needed:
11)Loan Duration:
12)Purpose of Loan:


I will be looking forward to hear from you so as to proceed.

Kind Regards
Mrs Lily Brown
wrote:
Hello: TO WHOM IT MAY CONCERN

My name is Mrs. Katherine Walker a citizen of USA. I have been scammed by 13 different International Loan Lender via the internet, all promise to give me a loan where goofed/deceit after making me pay several fees which yielded to nothing and amounted to no positive result/outcome. I lost my hard earn money and even funds that was borrowed from friends, relatives and family members where all gone too. A total of $23350 was taken from me without any loan. I told my story to a family friend/co-worker about my ordeal and she testify that she did got a loan from an online lender here in the USA, eventually I got linked to a legitimate loan company called David Herley Finance Home where she finally got her loan, so i decided to contact the same loan company and then told them my story on how I have been scammed by 13 different lenders who did nothing but to course me more pain. I explain to the company by email and all they told me was to cry no more because I will get my loan in their company and also I have made the right choice of contacting them. I filled the loan application form and proceeded with all that was requested of me and here I am today happy because DAVID HERLEY FINANCE HOME HERE IN THE USA AND WAS APPROVED AND GIVEN A LOAN OF $68,900 so I made a vow to Myself and God that I will keep sharing my testimony on the internet on how I got my loan.

Website: www.dherleyfinancehome.net
Email: loans@dherleyfinancehome.net
Email: david.herley1@outlook.com
Tel: +1 (321) 323 1809 (CALL/SMS/TEXT MESSAGES).
Skype: dherleyfinance
wemasundas wrote:
Hello Sir / Ma,
WEMA XMAS LOAN NOTIFICATION!
Are you seeking for legitimate,fast and reliable loan? Free collateral loans / non-collateral loans, we offer loan services of different types ranging from full loans to subordinate loans best designed for you. The loans are given at a very low interest rate. We offer mortgage, company, business, personal, housing, land acquisition and many more. No social security number is required and no credit check required 100% guarantee to the nation / world. Our dignity is to respect while providing the highest quality services, We will not also forget to bring to your notice that we grant loans to sincere and serious minded customers that need to be uplifted financially with the help of loan / loans. Contact us now via our mailing address. And please i want to beg all those that are out there that are just trying to apply for loan OR loans and take it for a joke not to do that here as this is a loan firm that was founded in TRUTH and in full SINCERITY to support everybody in the world with financial help. TAKE NOTE: ANY RULES AND REGULATIONS THAT HAS BEEN LAID DOWN HERE CANNOT BE BEND TO SATISFY ANY CUSTOMER WANTS, AS EVERY CUSTOMER IS EXPECTED TO MEET WITH THE RULES / TERMS IN TRYING TO ACQUIRE A LOAN HERE. IF ANYONE COULD NOT MEET WITH IT HERE, HIS OR HER LOAN APPLICATION WILL BE CANCELLED.
Name Of Loan Firm: Wema Sundas Loan Investment,
Name of the CEO: Mrs Wema Sundas,
Name Of Personal Assistant: Mr Primo Samakard
Email: mrswemaloans@rocketmail.com OR mrswemaloans@gmail.com ,, In receipt of your contact and seriousness to getting a loan here, You will surely get a call from my personal assistant or me the Chief Executive Officer of this loan firm.
wemasundas wrote:
Dear Sir/Madam,
WEMA XMAS LOAN NOTIFICATION!
We the Wema Loans, Provides both long and short term loan financing. We offer secure and confidential loans at a very low interest rate of 3% per year. We offer;Personal loans, Debt Consolidation Loan, Venture Capital, Business Loan, Corporate Loans, Educational Loan, Home Loan and Loans for any reason! We are the trusted alternative to bank financing, and our application process is simple and straightforward. Our loan ranges from $5,000.00 (Five Thousand dollars ) to $25,000,000.00 (Twenty Five Million dollars). Additional Info: We're fast becoming the private, discreet, and service oriented lending choice for general loans. We're the company to turn to when traditional lending sources fail. If you are interested do not hesitate to contact us with information’s below by Email: mrswemaloans@rocketmail.com OR mrswemaloans@gmail.com. And please i want to beg all those that are out there that are just trying to apply for loan OR loans and take it for a joke not to do that here as this is a loan firm that was founded in TRUTH and in full SINCERITY to support everybody in the world with financial help. TAKE NOTE: ANY RULES AND REGULATIONS THAT HAS BEEN LAID DOWN HERE CANNOT BE BEND TO SATISFY ANY CUSTOMER WANTS, AS EVERY CUSTOMER IS EXPECTED TO MEET WITH THE RULES / TERMS IN TRYING TO ACQUIRE A LOAN HERE. IF ANYONE COULD NOT MEET WITH IT HERE, HIS OR HER LOAN APPLICATION WILL BE CANCELLED. 1. Your Full names: 2. Contact address: 3. Occupation: 4. Your Contact Telephone Numbers: 5. Monthly Income: 6. Contact Email Address: 7. Loan Amount:
Name Of Loan Firm: Wema Sundas Loan Investment,
Name of the CEO: Mrs Wema Sundas,
Name Of Personal Assistant: Mr Primo Samakard
Email: mrswemaloans@rocketmail.com OR mrswemaloans@gmail.com ,, In receipt of your contact and seriousness to getting a loan here, You will surely get a call from my personal assistant or me the Chief Executive Officer of this loan firm.
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