Free Home Loan Modification Help For Homeowners - Blown Mortgage

Free Home Loan Modification Help For Homeowners

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).

Do It Yourself Loan Modification – A DYI Guide

We are big fans of Do it Your Self  Home Loan Modifications. Read our full article on loan modifications on your own

Read our latest published articles below

David Reed

Last 3 posts by Patrick

Comments on this entry are closed.

  • Jen July 11, 2009, 8:39 am

    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 July 31, 2009, 6:12 am

    [...] 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 August 3, 2009, 8:15 am

    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 August 25, 2009, 7:58 pm

    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.

  • mortgage loan modification August 26, 2009, 2:58 am

    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!

  • Gainesville Real Estate August 30, 2009, 8:48 pm

    Great post! I hope people will find this as helpful as I did.

  • NRI Yellow Pages September 2, 2009, 2:55 pm

    Great post, Great Ideas to help build network which pays for a long haul.

    Thanks much!

  • What Is My House Worth? September 14, 2009, 8:43 pm

    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!

  • Nashville Real Estate September 24, 2009, 8:44 am

    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 October 8, 2009, 1:28 pm

    What a great service. Thanks for sharing your information and your ideas for good customer service.

  • steveligor October 20, 2009, 1:19 pm

    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

  • Screen Sleuth October 27, 2009, 12:42 pm

    Loan mods should always be free (to a degree). Companies that prey on people by charging “setup fees” are almost always a ripoff.

  • Screen Sleuth October 27, 2009, 12:42 pm

    Loan mods should always be free (to a degree). Companies that prey on people by charging “setup fees” are almost always a ripoff.

  • joe December 1, 2009, 1:56 pm

    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.

  • Fort Lauderdale Real Estate December 12, 2009, 3:40 am

    Great Post Dude, These idea help those people who has build networks, these is a really helpful for any homeowner facing foreclosure.

  • uggs outlet December 17, 2009, 3:54 am

    Nice post here. It does make senses, appreciate for sharing.

  • Home Mortgage Kansas January 3, 2010, 12:02 pm

    I would have to agree. What an incredible resource for people to plug in to when deciding if they want to modify their loans.

  • Marketing for Accountants January 26, 2010, 7:41 pm

    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 January 30, 2010, 5:04 am

    I would love to read more about this topic.

  • mortgageloans2010 February 16, 2010, 6:37 am

    We should see the ability to pay our mortgage. If there are problems, we can do Mortgage modifications, with the goal set monthly payments and avoid foreclosure of our property.
    Talk to our problems with mortgage developers, and and usually providers Mortage will give lower interest rates and change the length of our payment

  • christine2222 February 18, 2010, 10:06 am

    I have an ARM and have been paying 10.99% interest for 2 years. I have hired 2 companies to help with loan modification and nothing has been resolved.

    My mortgage has been sold yet again to another company that is more ruthless than the origianl company my mortgage was sold to.

    I am reminded that my mortgage interst has not been raised for over a year and that is the only positive comment I have received.

    Loss of employment, major medical expenses, are only part of my problems. I have almost totaly depleted my 401K and I am still told I make to much money for a loan mod.

    Folks my take home pay is less than I have made in 5 years.

    I need help and I am tired of being told there is none out there, I am grateful to still be in my home but I never know when something will happen and I miss a payment, well I know the home will be gone for sure.

  • kanishk24nov February 19, 2010, 9:50 am

    Only i just say to you love this post and each and every post here you have mentioned are is totally perfect and relevant. I would like to thank you.
    As its my first visit to your blog but now you can consider me as a regular visitor at your site.
    one sec thanks.
    Best Regard

  • Self Storage Blog March 2, 2010, 11:03 am

    I see what you're driving at, but I don't think that I'd like to do my own loan modification. Seems like there's way too much to mess up–too many details.

  • Sarasota Real Estate March 22, 2010, 12:44 pm

    This blog is a great reference, particularly for areas hit especially hard, like the Sarasota real estate market.

    Awesome this thread is still alive and going strong!

  • shannanhughes March 23, 2010, 12:28 pm

    I was needing detailed information on a loan modification. You really helped me understand what would happen when I went through this situation. Thank you!

  • Robert McMahon April 15, 2010, 12:13 pm

    I think that you're better off when you pick a loan that's going to work well from the start…

  • pbeigbabai April 20, 2010, 4:44 pm

    Excellent blog. One of the best ones i seen.

  • kraezd April 22, 2010, 7:09 am

    Thanks for the information

  • Robert McMahon May 4, 2010, 1:35 pm

    You know what I say: read over your paperwork carefully in the beginning, because the last thing that you want to deal with is modifying a loan or refinancing your house. The headache that you're getting yourself into–well, let's just say that it's not really worth it at the end of the day.

  • nike air max May 5, 2010, 12:03 am

    The bed was far back from the windows, and I sat with the windows open and undressed by the bed. Outside a night train, running on the street-car tracks, went by carrying vegetables to the markets. They were noisy at night when you could not sleep. Undressing, I looked at myself in the mirror of the big armoire beside the bed. That was a typically French way to furnish a room. Practical, too, I suppose. Of all the ways to be wounded. I suppose it was funny.

  • Robert McMahon May 19, 2010, 1:08 pm

    I'd say that you're better off avoiding ALL fees when it comes to your refinancing options. Why pay a fee up front? Seriously, why? If they screw up, then you're paying for nothing. Literally. Nothing.

  • Taylor White, P.H.D. June 2, 2010, 10:26 am

    What ever happened to people paying cash for things they want to buy?

    Cant afford a car, wait.

    Cant afford a dish washer, wait.

    Cant afford a house, wait.

    Not really a crazy idea.

  • Austin Movers June 21, 2010, 7:59 pm

    Modify them quickly. There is no telling what will happen after the mid term elections!

  • Ghd October 14, 2010, 7:02 pm

    [URL=http://www.classic-ghd.us]ghd stylers[/URL]

    [URL=http://www.classic-ghd.us]2010 New GHD IV Green Envy[/URL]

    [URL=http://www.classic-ghd.us]2010 New ghd Red Lust IV Styler[/URL]

    [URL=http://www.classic-ghd.us]New GHD Blue Serenity IV Style[/URL]

    [url=http://www.fivefingershealth.com]vibram[/url]

    [url=http://www.fivefingershealth.com]vibram shoes[/url]

    [url=http://www.fivefingershealth.com]vibram fivefingers[/url]

    [url=http://www.fivefingershealth.com]vibram five fingers discount[/url]

    [url=http://www.linksoflondonpretty.com]london charms[/url]

    [url=http://www.linksoflondonpretty.com]link of london[/url]

    [url=http://www.linksoflondonpretty.com]silver bracelet[/url]

    [url=http://www.linksoflondonpretty.com]slinksoflondon[/url]

    [url=http://www.asics-running-shoes.org]asics sneakers[/url]

    [url=http://www.asics-running-shoes.org]asics onitsuka tiger rotation 77[/url]

    [url=http://www.asics-running-shoes.org]asics Onitsuka Tiger Olympos[/url]

    [url=http://www.asics-running-shoes.org]asics onitsuka tiger mini cooper[/url]

  • UGGS OUTLET October 18, 2010, 12:02 am

    What ever happened to people paying cash for things they want to buy?

    Cant afford a car, wait.

    Cant afford a dish washer, wait.

    Cant afford a house, wait.

    Not really a crazy idea

  • Petejpost November 21, 2010, 1:34 pm

    Great blog! I've been reading through some of your articles and they are an excellent source of information on loans and mortgage. Thanks!

  • Nkishans January 7, 2011, 4:43 am

    I would like to say you pick pretty good on the borrower but what about the greedy lenders that knew they were setting up this house of cards and what could and did happen. Both sides were doing the wrong thing but the lenders were definitely doing predatory lending. If the lenders did not set up the 2yr fixed 28yr adjustable loans we might not have had this problem. Let’s face it the lenders put programs out there that would make them a lot of money on the refies if the refies were possible. They also put programs out there that are hitting home with the quality buys as well. So the bottom line is greed is driving this monster and continues to drive it.

  • Calypso Bay January 11, 2011, 6:05 pm

    A bit late here but Taylor White, P.H.D has hit the nail on the head! Everyone is going into debt to do nothing!

  • Mitchell @ Idaho real estate July 27, 2011, 11:07 am

    Going into debt for nothing is so dumb. It just goes to show what the world has come to. People can't wait or save for anything. They just have to have it now and they pay the price… literally.

  • Francisco Rosa August 13, 2011, 9:06 am

    There is plenty of free advice for homewoners who are facing harsh times. It's nice to see that some of that free advice can actually be useful to them.  Educated borrowers make the best clients.

  • Loan modification calculator October 14, 2011, 2:59 am

    Definitely everyone like this post. After a serious search for online help, I concluded that loan modification software alone gives proper guidance for filing an application and give an overall outlook of Loan modification. I missed this post I think. It has excellent info am looking for.

    Regards,
    Jacob

  • tipy November 17, 2011, 9:16 am

    Great blog! I've been reading through some of your articles and they
    are an excellent source of information on loans and mortgage. Thanks!And wish all the best.

  • Online contest November 18, 2011, 7:30 am

    Thanks god. Luckily found this input.  Really informative content about home loan modification. I must agree that sound very helpful for home owners. Keep up the good work. Thanks again!

  • Darrencopeland December 4, 2011, 10:47 am

    Although loan modification is not something I am an expert in I certainly appreciated all your information and links to sites that will help those who need it. Thanks.

Next Post:

Previous Post:

As Seen On:

as_seen_on_featured
equal-house-opp