Comments on: 30 Year Mortgages Around 5.25% – Do You Qualify for a Mortgage Loan Modification? http://ratenerd.com/30-year-mortgages-around-525-do-you-qualify-for-a-mortgage-loan-modification-1317 Great rates and deals from banks. Wed, 25 Jan 2012 23:29:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: julia enfingerhttp://ratenerd.com/30-year-mortgages-around-525-do-you-qualify-for-a-mortgage-loan-modification-1317/comment-page-1#comment-3563 julia enfinger Fri, 27 May 2011 22:38:33 +0000 http://ratenerd.com/?p=1317#comment-3563 we are losing our home ,we owe more thasn it is worth,my husband is on disabilty we earn half of what we use to make,we have run threw our savings can you help we are losing our home ,we owe more thasn it is worth,my husband is on disabilty we earn half of what we use to make,we have run threw our savings can you help

]]> By: RateNerd's answers on Yedda - People. Sharing. Knowledge.http://ratenerd.com/30-year-mortgages-around-525-do-you-qualify-for-a-mortgage-loan-modification-1317/comment-page-1#comment-769 RateNerd's answers on Yedda - People. Sharing. Knowledge. Sat, 20 Jun 2009 13:25:52 +0000 http://ratenerd.com/?p=1317#comment-769 <strong>Yedda: RE: How do you modify your mortgage under obama bailout plan?...</strong>RateNerd answered: re:If you're unable to manage your mortgage or you're already behind on payments, try negotiating a workout plan with the lender so that you can avoid foreclosure. Under the Obama Bailout Plan, modify Any home mortgage loan modific... Yedda: RE: How do you modify your mortgage under obama bailout plan?…

RateNerd answered: re:If you’re unable to manage your mortgage or you’re already behind on payments, try negotiating a workout plan with the lender so that you can avoid foreclosure. Under the Obama Bailout Plan, modify Any home mortgage loan modific…

]]> By: What To Do If You Need Help To Pay Your Mortgage | RateNerdhttp://ratenerd.com/30-year-mortgages-around-525-do-you-qualify-for-a-mortgage-loan-modification-1317/comment-page-1#comment-726 What To Do If You Need Help To Pay Your Mortgage | RateNerd Tue, 09 Jun 2009 09:18:44 +0000 http://ratenerd.com/?p=1317#comment-726 [...] Loan Modification - This option changes the terms of your loan without refinancing and may include adding delinquent payments to the balance of your loan (repaid over the remaining term). A loan modification (or Loan Mod) changes the terms of your current loan without refinancing and may include adding delinquent payments to the balance of your loan (repaid over the remaining term).  You will need to provide documents with updated financial information for all parties on the loan, along with  verification of income.  Upfront funds may be required in order to complete the loan modification process.  The process typically takes 30 days to complete, but may take longer, and is really designed for those that still have income even if it is reduced (like a salary cut).  See this recent posting on how to qualify for a mortgage loan modification. [...] [...] Loan Modification - This option changes the terms of your loan without refinancing and may include adding delinquent payments to the balance of your loan (repaid over the remaining term). A loan modification (or Loan Mod) changes the terms of your current loan without refinancing and may include adding delinquent payments to the balance of your loan (repaid over the remaining term).  You will need to provide documents with updated financial information for all parties on the loan, along with  verification of income.  Upfront funds may be required in order to complete the loan modification process.  The process typically takes 30 days to complete, but may take longer, and is really designed for those that still have income even if it is reduced (like a salary cut).  See this recent posting on how to qualify for a mortgage loan modification. [...]

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