Find Out if a Loan Modification May be Right for You

ModificationMany homeowners have fallen behind on their mortgage, and could soon be on the path to foreclosure without permanent help. If this sounds like your situation, you may be eligible to modify your mortgage. Modification options include the government’s Home Affordable Modification Program, which was designed to help homeowners make their payments more affordable.

If you’re having mortgage payment challenges, try our modification quiz to see if a mortgage loan modification may be right for you. Modification programs exist to accommodate a variety of circumstances.

1. My loan is owned by Fannie Mae or Freddie Mac

  • Yes
  • No
  • I don’t know

2.  I am at least 30 days late with my mortgage payment

  • Yes
  • No
  • I don’t know

3.  I am able to make a monthly mortgage payment of some amount equal to or less than my current payment

  • Yes
  • No
  • I don’t know

4.  I want to stay in my home

  • Yes
  • No
  • I don’t know

Don’t just walk away from your home.
There are better options. The most important thing is to avoid foreclosure—and options may be available to assist you if you are ready to leave your home. Some options may even offer cash incentives to help you move and transition into different housing. Now’s the time to take action before it’s too late.

Whether you pursue a modification or another foreclosure prevention option such as a short sale or Mortgage Release™, it is important to address your payment challenges right away for the best available outcome. Call, e-mail or use the Contact Us for a confidential review of your mortgage situation.