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Free Home Loan Modification Help For Homeowners

by phillenbrand on July 10, 2009

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A warm welcome to BlownMortgage.com!

We are among the most  trusted free home loan modification, debt relief and independent mortgage industry commentary sources online. We have fiercely and successfully been helping fellow homeowners facing economic hardship or foreclosure since 2006.

We are honoured to have been named to be among the Top 3 influential Mortgage Blogs in the industry (by Inman News).

Our US editorial team consists of high profile writers and industry insiders such as Morgan Brown, Jay Hammond, Constantine Von Hoffman and many others. Our frequent stream of unique articles often blows the lid of various Mortgage related topics and our articles are often featured on various authority sources. At the bottom of this page you will always find our 9 latest published articles.

We invite you to take advantage of years of our collective efforts and we look forward to keeping you updated ahead so that you may achieve a lower level of stress and a higher level of financial freedom.

What is a Home Loan Modification?

Mortgage modification is where your current mortgage lender agrees to change the terms of your current home loan so that you may afford to service the monthly payments and avoid foreclosure.  Generally the mortage provider will lower the interest rate and change the length of your repayment.

One of the most frequent questions we encounter is from people wanting to know how they can modify their mortgage with a loan modification from their current home loan provider. These folks are usually in adjustable rate mortgages that have exploded, leading to monstrous mortgage payments that have gone delinquent. The process of loan modification is not easy but worthwhile!  It takes some gumption, resolve and a bit of salesmanship to get the job done. But if you get your loan mod done you’ll usually receive a new fixed loan at a competitive rate.

 

Our Free Home Loan Modification Tools

A Word of Caution when Modifying Your Mortgage

Be very careful if you choose to use a loan modification company that takes a fee up front to negotiate your loan modification for you. They cannot guarantee a successful modification and can end up costing you another month’s mortgage payment in exchange for false hope. The best of these companies have done the modification countless times and will actually try to help you in earnest without guarantee. The worst are scams that take your money with a cursory attempt to help you (if any).

We have found that Foreclosure Fighter offers useful advice that achieves a high loan mod success rate and we therefore recommend you visit their site.

Do It Yourself Loan Modification – A DYI Guide

We are big fans of Do it Your Self  Home Loan Modifications. And  we currently believe that the down to earth ebook entitled The Mortgage Relief Formula is the most useful resources currently available on the subject . This book walks you through how to modify your loan on your own – saving costs and headaches of false promises of loan modification companies. This book is wide ranging and covers everything from loan modifications to dealing with debt collectors to short selling your home in 9 days. Even if we receive a small commission for recommending it this ebook we are confident that if you are in a situation where you are looking to modify your home loan or short sale your home you will be happy you have read this book.

Below you can see a sample of the type of loan modification information you’ll find in Mortgage Relief Formula. If you find the sample video below interesting we are confident you’ll really appreciate the loan modification course and book.

We recommend that you check out the full information on Richard Geller’s Home Loan modification insights.

Read our full article on loan modifications on your own

Click here to connect with confidential Loan Modification and Foreclosure prevention consultants – NON obligation

Read our latest published articles below

Last 3 posts by phillenbrand

Related posts:

  1. Loan Modification Mogul Sued For Duping Desperate Homeowners
  2. What Is A Home Loan Modification
  3. Disappointed Homeowners Torture Loan Modification Agents
  4. Loan Modification Scams And Desperate Homeowners an Explosive Cocktail.
  5. Loan Modification Alternatives: Is Renting Your Home A Viable Option

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  • Jen
    I wish that I had found your blog before my foreclosure. Countrywide was my lender and well, I'm sure you can imagine the workout process nightmares. It was definitely a learning experience and I'm not bitter about it.

    Mine went into foreclosure due to a job loss. I am curious however have you ever heard of someone buying their home back after foreclosure? Is this possible? Fannie Mae was the mortgage provider in my case.

    Thanks again for providing such informative articles and resources.
  • homeinspectionmorriscounty
    [...] of the federal tax credit for first time buyers which expires at the end of November. However, this seasonally adjusted sales 3-peat was also seen at the end of 2006 and the beginning of 2007 before sales activity fell sharply. In [...]
  • costarica_realestate
    A lon modification is always useful in the sense that it helps current debtors to aliviate their current situation which improves their lives as a consequence
  • baltimorehomes
    Most home owners do not understand or realize that they can actually apply and successfully obtain a loan modification from their lender until they are in danger of forclosure. In all reality you can benefit from this ebook and obtaining the needed information to obtain a loan mofification. It really is a very straight forward process.
  • Great information presented through that loan modification e-book. Very straight forward way for homeowners to get loan mods on their own and save money!
  • I would have to agree. What an incredible resource for people to plug in to when deciding if they want to modify their loans.
  • Great post! I hope people will find this as helpful as I did.
  • NRI
    Great post, Great Ideas to help build network which pays for a long haul.

    Thanks much!
  • There's some really good info on this site that is extremely helpful for any homeowner facing foreclosure. I like the detail you go into regarding their options.

    Most people don't even know what choices they have, they just think if they ignore the problem it'll go away by itself ;)

    Well done!
  • What a great post! This is so helpful and I hope find as useful as I have. Good Luck with the blog and keep up the good work! Thanks and have a great day!
  • joelcarson
    What a great service. Thanks for sharing your information and your ideas for good customer service.
  • steveligor
    This is the type of blog we need more of in the real estate industry. Keeping consumers informed should be seen as a benefit, not a detriment to us in the upper echelon.

    I will definitely keep checking in here.

    -Steve Ligor
  • Loan mods should always be free (to a degree). Companies that prey on people by charging "setup fees" are almost always a ripoff.
  • Loan mods should always be free (to a degree). Companies that prey on people by charging "setup fees" are almost always a ripoff.
  • Thanks for giving all of the FREE info. There are way to many people saying they can help that just cash the check and do nothing. By using your tips at least its only a time investment and hopefully more people will get help.
  • Great Post Dude, These idea help those people who has build networks, these is a really helpful for any homeowner facing foreclosure.
  • Nice post here. It does make senses, appreciate for sharing.
  • I would advise getting the free help whenever possible. Over time we will see that many of these modification companies are scams. But free help may not always be your best choice. Buyer beware.
  • forexqs
    I would love to read more about this topic.
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