Owe Back Taxes?

Complete one simple form . . . Get on with your life!


  This website is not affiliated with any political party, government agency or program. News for Public Officials is dedicated to providing news, editorials and information that may help elected officials better serve the people who elect them.

 

News For Public Officials . . . Get the Newsletter - It's FREE  

Credit Card Debt

IRS Tax Debt Relief

Should You Refi?

Loan Modification

Reverse Mortgage Guide

Underwater Home Buyers

Home Improvement

Cash for Cars

Auto Loan

Start a Home Business

Debt Settlement

 

Foreclosure! Ten Ways to Save Your Home

Page 1 | 2  | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  | Foreclosure Tips | Foreclosure Warnings

 

 
 
  
  
  
  
  

 

 

Restructure Your Mortgage

Home loan restructuring can take many forms including loan modification, debt consolidation or refinancing, but generally involves extending the term of the loan so you have longer to pay (and thus make lower monthly payments), spreading delinquent payments over several years, and/or lowering the interest rate and/or principal on the loan.

Under new government rules for FHA and the "Making Home Affordable" plan, you may qualify for benefits including lower interest rates, extended terms, lower closing costs and even thousands of dollars in government rebates - but don't hold your breath waiting for your current lender to tell you.

If you would like to learn if you qualify for a government bailout loan from Fannie or Freddie, a leading debt management firm provides a free service to help you quickly determine if you are eligible . You may save hundreds of dollars per month off your current mortgage.

Restructuring or loan modification is different from simply recasting the loan which your current lender may be offering you. Recasting is a good temporary fix but if your financial situation has permanently changed, temporary measures like recasting may not do you much good. A properly negotiated loan modification or refinance is a permanent solution that allows you to stay in your home with a newly restructured mortgage you can afford.

Loan restructuring may allow you to stop foreclosure fast, modify or refinance your loan; eliminate your back payments and save your home.

 

 Page 1 | 2  | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  | Foreclosure Tips | Foreclosure Warnings |

 

 

 

 

 

  

 

Privacy Policy