Loan Modification-HAMP - Home Affordable Modification Program

Loan Modification-HAMP - Home Affordable Modification Program

If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.

The pressures of job loss, increasing interest rates and the decline in property values have many homeowners on edge. Often homeowners faced with distress fall prey to companies charging exorbitant fees to modify their loan, often with no or undesirable results.

You do NOT need to hire anyone to modify your loan. By following the steps below, you can personally get your lender to agree to work with you to create an affordable loan payment. They'll either reduce your mortgage payment or interest rate, which can lower the risk of foreclosure.
Do not pay a high fee to outside companies and lawyers. If you are having challenges paying your home loan, have an adjustable rate or your simply upside down on the value of your home, it is possible to renegotiate your loan terms on your own.

In this practical guide, Fighting Foreclosure, I’ll help you get FREE assistance with your loan modification from state certified HUD counselors and I’ll provide step-by-step instructions for modifying your home loan.

Am I eligible for a Home Affordable Modification? Take our questionnaire to find out!