Mortgage Loan Modifications

by Audrey from USA

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

Kate Answers: 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- First you will want to determine if you are a good candidate for a mortgage modification.

2- 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. So go here to learn about an inexpensive way to handle your own mortgage loan modification including FAQs.

Modification Inquiries From Other Readers

Here is where to find more questions from other homeowners considering mortgage loan modifications. Mortgage Modification - Answers By Kate

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.

Please let me know if you have more questions. I always enjoy hearing from you!

Best Wishes,

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More Help to Save Your Home

Special Edition Making Home Affordable - 13 options for homeowners struggling with unaffordable house payments.

Loan Modification Ask and Answer - Answers to loan modification, Home Affordable Programs, HARP, and HAMP questions.

Can I do a Mortgage Loan Modification myself? The answer is yes, but...

Don't give up. With a little knowledge, you can Stop Mortgage Foreclosure.

Foreclosure Help - Act now if you think you are going to be late on a mortgage payment.

Help for locating your lender to Stop Foreclosure Now.

By understanding your Adjustable Rate Mortgage, you can anticipate and plan.

When promises to Sell Your House seem too good to be true, remember this.

A limited offer, Mortgage Debt Relief provided help for homeowners subject to additional income taxes.

How to explain to your lender that you are trying to Prevent Foreclosure.

The first step to stopping Foreclosure is understanding its impact on your life.

Stop Foreclosure. Learn from Donald Trump about negotiating a better deal.

Subprime Mortgage Loans fulfilled an important role in America.

Every homeowner with a Subprime Mortgage needs a long term plan.

Subprime Mortgages - Learn how to transition to traditional mortgage financing.

Return from Mortgage Loan Modifications to Get Your Best Mortgage Rate

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