Loan Modification Basics

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Post-Modification Budgeting: Tips, Tools, & Free Courses for 2026

January 12, 2026 Comments Off

The Hard Part is Over—Now Let’s Keep It That Way: How to Budget After a Loan Modification: A loan modification is not just a change in paperwork; it is a change in lifestyle.

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Loan Modifications vs. Repayment Plans vs. Forbearance Agreements: Which is Best for You?

December 1, 2025 Comments Off

When homeowners fall behind on mortgage payments, lenders often provide three main options to avoid foreclosure: loan modifications, repayment plans, and forbearance agreements. Each solution has unique benefits, limitations, and best-fit scenarios. Understanding

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How a Loan Modification Affects Your Credit Rating

November 18, 2025 Comments Off

A loan modification can cause a temporary dip in a homeowner’s credit score, depending on how the lender reports it, but it is generally far less damaging than foreclosure or bankruptcy. Over time,

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FHA, VA, Fannie Mae, and Freddie Mac Loan Modifications for 2025 Compared

November 17, 2025 Comments Off

FHA, VA, Fannie Mae, and Freddie Mac all currently offer updated Loan Modification Programs in 2025. FHA focuses on extended COVID-19 recovery options and permanent loss mitigation; VA has just enacted the VA

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What Is a Loan Modification? A Complete Guide for Homeowners in 2025

November 11, 2025 Comments Off

For many homeowners, unexpected financial hardship can make it difficult to keep up with mortgage payments. If you’re worried about falling behind—or already are—a loan modification may be the lifeline you need to

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