Tuesday, May 19, 2009

Do-It-Yourself Steps In Getting A Mortgage Loan Modification

On his website, Jack Guttentag, The Mortgage Professor writes:
  • If you can no longer afford your mortgage payment, but you can afford a lower payment, and if you cannot lower your payment by refinancing, you should seek a modification of your loan contract.

For the do-it-yourself steps that he suggests in getting a mortgage loan modified, see The A, B, Cs of Getting Your Mortgage Modified.

For the information required by each of the major servicers, and how to access their required questionnaire, see Mortgage Servicer Information Requirements.