A homeowner who is experiencing a hardship and is considering applying for a mortgage modification may come across the term capitalization of arrears or capitalization of missed mortgage payments, and wonder what it means. When a homeowner misses mortgage payments …Read More
Whether a mortgage modification is temporary or permanent depends on the investor guidelines and how the loan was written. Mortgage companies, based on these investor guidelines as well as the loan’s specific criteria, may offer a mortgage modification for a …Read More