What is FHA Home Affordable Modification Program?

FHA-Home Affordable Modification Program (FHA-HAMP) Allows homeowners to modify their FHA-insured mortgages to reduce monthly mortgage payments and avoid foreclosure.

Who qualifies for HAMP loan modification?

HAMP: HAMP offers a modification to your current loan so that you can avoid foreclosure. To qualify, your housing payment, including principal, interest, property taxes, HOA dues and insurance, must exceed 31 percent of your gross (before tax) monthly income.

Is mortgage loan modification a good idea?

The good thing about mortgage modification is that it can help you stay on your feet. Mortgage modification is designed as an alternative to foreclosing on a house or filing bankruptcy. ... If the mortgage lender is helpful, it can be a great asset to you and your financial situation.

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Nationstar Mortgage Making Home Affordable Modification Program Guidelines

Get Nationstar Mortgage Making Home Affordable Modification Program Guidelines

Making Home Affordable Modification Program Guidelines In order for us to evaluate your request for the Making Home Affordable Modification Program you must complete the RMA (Request for Modification.

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