ABA Consumer Guide To Mortgage Modification

    By Dean Allen Kackley

     ABA Consumer Guide To Mortgage Modification

    ABA Consumer Guide To Mortgage Modification

    By Dean Allen Kackley

    This accessible guide provides homeowners with simple and complete reference when working with lenders under the federal Home Affordable Modification program.

    ABA Consumer Guide To Mortgage Modification

    By Dean Allen Kackley

     ABA Consumer Guide To Mortgage Modification

    ABA Consumer Guide To Mortgage Modification

    By Dean Allen Kackley

    This accessible guide provides homeowners with simple and complete reference when working with lenders under the federal Home Affordable Modification program.
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    The federal Home Affordable Modification Program, enacted in 2012, provides a set of rules that gives financial incentives to mortgage providers to modify the loans of eligible borrowers so that their monthly payments do not exceed 31% of their monthly income.  It was designed to help homeowners under financial duress to stay in their homes.  The program is complex and not always perfectly understood by mortgage providers. 

    The Consumer Guide to Mortgage Modification provides homeowners with simple and complete reference when working with lenders under the program. Step by step, it explains what a homeowner needs to know and do to get a loan modification. Homeowners will learn the qualification rules, determine how much they can lower their payments, and assess if  their lender is following the rules and using the program effectively.  In addition, the book provides homeowners with questions to ask their lender, forms, grids, and worksheets. Knowledge is power and The Consumer Guide to Mortgage Modification gives consumers the knowledge they need to effectively negotiate with their lender and get the most favorable terms possible.

    Product Details

    Publisher

    ABA Book Publishing

    Author

    Dean Allen Kackley

    ISBN

    9781627227636

    Page Count

    238

    Product Code

    1620641

    Publisher

    ABA Book Publishing

    Author

    Dean Allen Kackley

    ISBN

    9781627227643

    Page Count

    238

    Product Code

    1620641EBK

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