Bank of America Mortgage Modification

Bofa mortgage modification programs were specially designed to help those homeowners who are most likely to face home foreclosure. These modification programs have enabled a large number of homeowners to avoid foreclosure and keep their home. Bank of America has also stated that they are looking to work harder to modify more mortgages in the year 2010. Some of the most popular mortgage modification programs offered by Bank of America include;

* Making Home Affordable
* National Homeownership Retention Program
* HOPE NOW program


Making Home Affordable is a modification program backed by the Federal Government to stop the increasing foreclosure in the United States. The National Homeownership Retention Program is another effective loan modification program that offer refinancing options for FHA loans, mortgage modification with reduction in interest rate and principal amount. On the other hand, HOPE NOW is an effective foreclosure counseling service providing effective advice and helps to the homeowners to avoid foreclosure of their properties.

Website: http://www.bankofamerica.com/