Home Loan Modifications and Your Credit Score

A Home Loan Modification can help you stop foreclosure and stay in your home. But if you’re like most homeowners, you’re probably wondering how it will affect your credit, and whether in a good or bad way. Unfortunately, there’s no single answer—it all depends on how far behind you are and the kind of mortgage loan modification you’ll be granted. Best-case scenarios Technically, since you’re not borrowing any money, a home loan modification won’t hurt your credit score. If you’re paying le

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Home Loan Modifications and Your Credit Score