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  1. www.shellpointmtg.com › slsSLS - Shellpoint

    As of May 1, 2024, your mortgage loan, previously serviced by Specialized Loan Servicing (SLS), has transitioned to our new systems. You should have received communication detailing the new servicer for your account. To access your new account, please click the "Sign Into Your Account" button located under the name of your current servicer.

  2. singlefamily.fanniemae.com › servicing › flex-modificationFlex Modification - Fannie Mae

    The Fannie Mae Flex Modification offers eligible homeowners mortgage payment relief by extending the term to 480 months and targeting a 20% principal and interest reduction. The modification may also result in a lower interest rate.

  3. 24 Απρ 2020 · Getting a mortgage loan modification could mean extending the length of your term, lowering your interest rate or changing from an adjustable-rate mortgage to a fixed-rate loan. Though the...

  4. 15 Μαΐ 2024 · A mortgage loan modification alters your home loan without refinancing, and can help avert foreclosure.

  5. 16 Απρ 2024 · Key takeaways. Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes...

  6. 4 Μαΐ 2023 · FHA loan modification. The FHA loan modification program helps struggling homeowners by using one of the following options: Adding late payments to their principal balance. Extending their loan term. Lowering their interest rate. Reducing their outstanding balance by up to 30%.

  7. 1 Φεβ 2024 · A "loan modification" is a written agreement that permanently changes the promissory note's original terms to make the borrower's mortgage payments more affordable. A modification typically lowers the interest rate and extends the loan's term to reduce the monthly payment amount.

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