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2. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 ...

3. Mortgage accelerator loan: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-accelerator-loan...

   Key takeaways. A mortgage accelerator loan can help you pay off your mortgage ahead of schedule, often through a line of credit or a biweekly payment setup. This type of loan might charge an ...

4. Charge-off - Wikipedia

   en.wikipedia.org/wiki/Charge-off

   A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off .

5. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Mortgage underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C's of underwriting: credit, capacity and collateral . To help the underwriter assess the quality of ...

6. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

7. Should I pay off my mortgage or invest? - AOL

   www.aol.com/finance/pay-off-mortgage-invest...

   The decision to pay off your mortgage or invest boils down to your finances and risk tolerance. A mortgage is considered “good” debt, with relatively low risk and a lower interest rate. Still ...