Fnma Modification Agreement

An amendment includes one or more of the following options: With this option, you will get an agreement between you and your mortgage company to change the original terms of your mortgage, such as the amount. B payment, term of loan, interest rate, etc. In most cases, when your mortgage is changed, you can reduce your monthly payment to a more affordable amount. – Kathy and William from Rowlett, TX, have gained composure. Read the full story “Contact your mortgage company or fannie Mae Mortgage Help Network – Tell them that you are interested in a change and want to see if you are qualified. Collect your financial information – make sure you have your basic financial and credit information at your fingertips when you call your mortgage company. You will need: Your mortgage business wants to help you keep your home and avoid foreclosures. Contact them quickly to find out if you are eligible for a change. If you need additional help (before or after contacting your mortgage company), contact a housing advisor. . Explain your current situation – describe your current emergency and explain why you have problems paying your mortgage and whether it is a short-term or long-term problem. Your mortgage business needs to understand why you are struggling to find the right solution for you. Change Calculator Use this tool to assess how a change might help you.

– Yvette de Millville, NJ, was saving $447 a month. Read the full story.”