A loan modification is an agreement between a borrower and a lender to permanently change the terms of a mortgage. You'll need to prove financial hardship in order to qualify for a loan modification.

Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling ...

A loan modification is a change to your original loan terms. You can request a loan modification from your mortgage lender if you can no longer afford your monthly payments, but it’s important to know ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...