Mortgage Loan Modifications
by Audrey
Regarding mortgage loan modifications Hi Kate, it's me again. My question is What can I do? I have tried refinancing but there are so many foreclosures in my area, not my subdivision, but the area that my appraisal did not go through.
My Mortgage Company denied my claim for a hardship loan. My mortgage is too high that I can't afford to continue to pay it. I just want a lower interest rate and lower mortgage payment. I do not want to lose my home. I have a conventional loan. Thanks, Audrey
About Mortgage Loan Modifications
Dear Audrey, I feel your pain and wish I had a magic wand to waive over your mortgage woes. I applaud you for investigating your options. Here is another thought. Have you looked into mortgage loan modifications?
Please read these two pages to educate yourself on mortgage modification so you can decide whether it seems beneficial to you.
1- One article I have written is at my real estate article website www.Prime-Real-Estate-Articles.com. Go to Mortgage Modification and see if you are a good candidate.
I am surprised at many firms charging $3000 to modify a mortgage because homeowners on the verge of foreclosure rarely have an extra $3000 tucked away.
2- So go here to learn about an inexpensive way to handle your own mortgage loan modification including FAQs.
Please let me know if you have more questions. I always enjoy hearing from you!
Take a moment to bookmark Mortgage Loan Modifications to your favorites and visit often for more mortgage tips. You can also invite friends to comment on this page or ask another question of their own like you did.
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Best Wishes,
Your Online Mortgage Advice Friend
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The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com
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