loan modification program

What does Obama loan modification mean? Obama loan modification basically mean a restructuring of the existing terms and conditions of the ongoing mortgage loan, and replacing them with new terms, which offer reduced interest rates and affordable monthly repayment options. The basic idea of a loan...

The Obama loan modification program offers hope and help to almost 5 million homeowners stuck with high monthly payments. But did you know it also pays you to participate? That's right, homeowners who meet certain requirements will be paid up to $5000 as an incentive to keep the modified mortgage...