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After Recording Return To: Space Above This Line For Recording Data CFA FHA COVID-19 MODIFICATION AGREEMENTBorrower(“I “):0 Lender or Service (“Lender “): CONNECTICUT HOUSING FINANCE AUTHORITYDate
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How to fill out home affordable modification agreement

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How to fill out home affordable modification agreement

01
To fill out the Home Affordable Modification Agreement, follow these steps:
02
Begin by opening the agreement form provided by your mortgage lender.
03
Read the instructions carefully to understand the requirements and obligations involved.
04
Fill in your personal information, including your name, address, and contact details.
05
Provide your loan information, such as the loan number, property address, and current mortgage payment amount.
06
Indicate the desired modification terms, including the proposed interest rate, term length, and monthly payment.
07
Attach any required supporting documents, such as proof of income, bank statements, or tax returns.
08
Review the entire agreement thoroughly to ensure accuracy and completeness.
09
Sign and date the agreement, acknowledging your understanding and acceptance of the terms.
10
Make copies of the filled-out agreement and supporting documents for your records.
11
Submit the completed Home Affordable Modification Agreement to your mortgage lender as instructed.

Who needs home affordable modification agreement?

01
Homeowners facing financial hardship and struggling to make their mortgage payments may need a Home Affordable Modification Agreement.
02
This agreement is designed for individuals who have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac, and who meet the eligibility criteria for the Home Affordable Modification Program (HAMP).
03
It provides an opportunity to modify the terms of their existing mortgage to make it more affordable and manageable, helping them avoid foreclosure and stay in their homes.

What is Home Affordable Modification Agreement ( 3157). Single Family - Fannie Mae Uni Instrument Form?

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Instructions for the Home Affordable Modification Agreement ( 3157). Single Family - Fannie Mae Uni Instrument form

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A home affordable modification agreement is a contract between a homeowner and their mortgage lender that modifies the terms of the original loan to make it more affordable for the homeowner.
Homeowners who are struggling to make their mortgage payments and are seeking a modification to their loan terms are required to file a home affordable modification agreement.
Homeowners can fill out a home affordable modification agreement by providing their personal and financial information, as well as details about the modification they are requesting.
The purpose of a home affordable modification agreement is to help homeowners who are at risk of foreclosure stay in their homes by making their mortgage payments more affordable.
Homeowners must report their personal and financial information, as well as details about their current loan and the modification they are requesting.
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