Aug 22, 2025 · Is a loan modification right for me? A loan modification is a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A...

Nov 28, 2025 · Discover how loan modification can help you avoid foreclosure, understand government programs available, and learn the steps to apply effectively.

Feb 23, 2024 · What Is A Loan Modification? A loan modification allows homeowners to change their loan terms due to financial hardship. It is a change made to the terms of your existing mortgage by …

What is a loan modification? A loan modification is a change in the terms of your loan. Typically, missed mortgage payments are added to your loan balance. Your rate may change, and your term may be …

2 days ago · Mortgage loan modification is a foreclosure-prevention option that permanently changes the terms of your existing mortgage to make payments more affordable. If you’re a homeowner …

The modification resolves the past due mortgage payments by adding that amount to the principal loan balance of the first mortgage and extending the term of the mortgage at a fixed interest rate.

Sep 26, 2025 · Refinancing entails replacing your loan with a new mortgage, while a loan modification changes the terms of your existing loan. A loan modification also isn't the same as mortgage...

Sep 26, 2025 · A mortgage loan modification is a change in the terms of your home loan contract, typically designed to lower your monthly payments and prevent foreclosure. If you're facing financial …

As a mortgage servicer, help borrowers make the most of their loan modification with this Fannie Mae-sponsored program — at no cost to you or the borrowers. Read more. Have questions? Get answers …

Jul 21, 2025 · A loan modification is a change to the terms of your home loan in order to help you avoid foreclosure. This can include a change in the interest rate or the repayment schedule on your …