Using the funds from a home equity loan to make home renovations can make sense if you're planning on aging in place, but you also have other options.

Changing the terms of your mortgage could lower your interest rate, reduce your monthly payment, or give you more time to repay the loan. Mortgage modification and mortgage refinancing can both ...

a loan modification could be your best solution. If you qualify and can handle the new terms that come with mortgage modification, you can avoid foreclosure on your home. Ideally, mortgage loan ...

for example — try asking for different terms or seeking a loan modification instead. Long-term mortgage assistance: Loan modification With a loan modification, you and your lender agree to new ...

I’ve only come across loan modifications that extend a 30-year ... duration of a mortgage is to lower the payments. Say, for ...

"Homeowners are still obligated to pay their mortgage unless they receive specific relief from their lender. Mortgage ...

The Minnesota Department of Commerce has taken action against two out-of-state loan modification companies for operating in Minnesota without a license and allegedly engaging in deceptive ...

For example, a Freddie Mac Flex Modification, targets a 20% payment reduction by extending the mortgage term to 40 years, reducing the interest rate (if applicable) and creating a forborne balance ...

Loan modifications and short-term loan extensions ... of real estate markets to the post-pandemic equilibrium — for example, supporting the conversion of office space into residential units ...