The Guide to Loan Modification Programs is a living resource for troubled homeowners
Bunnell, FL (PRWEB) February 11, 2009
Loan modification programs can be the only option for many to save their homes. Unfortunately, getting a mortgage modified can be very confusing. These programs are often complex and tedious--challenges in understanding loan modifications can waste precious time and cause homeowners to lose their homes.
"Loan modifications can be scary and intimidating transactions, " explains Bill Rice, MortgageLoan.com's VP of Content. "These are unusual mortgage transactions that are cumbersome, require significant documentation, and take place when the homeowner is most vulnerable."
MortgageLoan.com's objective with the Guide to Loan Modification Programs is to arm the consumer with facts and education--putting them in the best position to receive a competitive loan modification and save their home.
MortgageLoan.com has been providing consumers with mortgage advice, news, and rates since 1995 and at no time has it been more confusing. The goal of MortgageLoan.com's series of Mortgage Basics Guides is to provide objective, informative, and actionable information on the most critical topics for borrowers looking to finance or maintain a mortgage.
The latest mortgage guide outlines the key elements of major mortgage loan modification programs:
- Defining a loan modification
- The difference between loan modification and mortgage refinance
- Determining eligibility for a loan modification
- Explaining how and where to get a loan modification
MortgageLoan.com has answered these questions and more within the Guide to Loan Modification Programs. Providing step-by-step instructions on necessary documentation and who to call, your loan modification process will be as close to streamlined as possible.
"The Guide to Loan Modification Programs is a living resource for troubled homeowners," says Bill Rice, "pointing them in the right direction for modifying their mortgage and maximizing their opportunity to get that needed loan modification."
As home values continue to drop and homeowners are faced with unemployment or underemployment in their homes, loan modifications will continue to increase. MortgageLoan.com continues to put homeowners in the most educated position to negotiate their best mortgage, refinance, or loan modification in a challenging economy.
MortgageLoan.com (mortgageloan.com) is the premier mortgage resource for consumers, providing current rates, news, and advice since 1995. MortgageLoan.com features one of the most extensive mortgage broker and lender directories, covering all 50 states. In addition, MortgageLoan.com provides consumers with financial calculators and glossaries, as well as daily articles related to personal finance -- covering topics like mortgages, credit cards, auto financing, investments, and more.
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