Mortgage Modification Resource
Struggling with your mortgage payment? Know your options.
MortgageModNow is a mortgage modification resource: plain-English help for homeowners asking their loan servicer to change loan terms. We are not a lender.
A modification may change…
- ✓Your interest rate
- ✓The length of your loan term
- ✓How past-due amounts are handled
- ✓Your monthly payment
Whether any change is offered is decided by your loan servicer. Results are never guaranteed.
What is a mortgage modification?
A loan modification is a change to the original terms of your mortgage, agreed with your loan servicer, usually to make payments more manageable after a financial hardship such as job loss, reduced income, illness or divorce.
Understand the process
Learn the typical steps, the vocabulary and what servicers usually ask for — in plain English.
Get organised
Use our checklists to gather income, expense and hardship documents before you apply.
Know where to turn
Find out about free options too, including your servicer and HUD-approved housing counselors.
Start early. Stay informed.
If you're behind — or worried you soon will be — contacting your servicer early generally gives you more options. Keep copies of everything you send, write down who you spoke to, and respond to requests promptly.
Walk through the stepsProtect yourself from scams
- Be wary of anyone who guarantees a modification or a specific result.
- Be cautious of demands for large upfront fees before any service is provided.
- Never sign over your home's title or send payments to anyone but your servicer.
- Don't stop paying your mortgage because someone told you to.
Have questions about your situation?
Send us a message — we'll point you to information and resources.