What is a mortgage loan modification, and how do you get one?
If you can’t pay your mortgage, you may be able to have it modified. Here’s what to look for.
6 min read
Jan 23, 2026
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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What is mortgage amortization?
Amortization determines how much of your monthly payment goes toward principal and interest. Here’s how it impacts you.
5 min read Sep 30, 2025 -
Guide to getting your first credit card while in college
Before applying for your first credit card in college, here are some considerations.
9 min read Sep 05, 2025 -
Pros and cons of a home equity line of credit (HELOC)
A HELOC has low interest rates, but it requires you to use your home as collateral.
12 min read Aug 25, 2025 -
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Real estate commissions in California
A breakdown of real estate agent commissions in California.
4 min read Aug 14, 2025 -
What is a no-closing-cost mortgage?
It puts off those pesky closing-day expenses. But you may pay for the delay.
5 min read Aug 07, 2025 -
How requesting a credit limit increase affects your credit
Getting a boost to your credit line can be helpful for your credit score.
7 min read Aug 01, 2025
