Are you having trouble making the payments on your mortgage? Are you fearful of losing your home? Before throwing up your hands and declaring bankruptcy, you may want to look into something called mortgage modification. Mortgage modification is not the same as a refinance.

With a mortgage refinance, you are looking for an entirely new loan. With modification, you are simply changing the terms of the existing loan to bring the mortgage current and make the payments more affordable. Besides lowered payments, mortgage modification may also give you a reduced interest rate, reduced late fees, and reduced penalties. All of this can help save your home and your peace of mind.

First, you must see if you qualify. Generally, you qualify for mortgage modification if...

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