Adjustable Rate Mortgage Blog January Archive

How to Modify Your Loan to your Benefit

01/29/09 09:24

It may be too late for the federal government to save some people's homes, but knowledge on the part of these people might save their houses from foreclosure.

If you are one of these people who are on the verge of losing your prized properties to the banks, you might want to read this book from mortgage expert Tim Carroll about a step-by-step guide to the loan modification process. Lower your monthly payments. Save your homes. Modify your loan!

Link: Mortgage Expert Tim Carroll Writes Step-by-Step Guide on the Loan Modification Process

Modifying Your Loan

If there is one good thing about adjustable rate mortgages, it's that these loands are relatively easier to modify without refinancing. It takes two to tango, as they say, and when it comes to these kinds of loans, it requires the approval of both parties to modify.

As a client, how should you propose a loan modification to your loan? It may be relatively easy, but it's not completely easy. Here are some tips from Boston.com

Link: Have an adjustable-rate mortgage? It's probably time to bargain - The Boston Globe