Q: What is Loan Modification?
A: A Loan Modification is when a lender agrees to modify any or
some of the terms of the mortgage, making it more affordable for
you.
Q: What are "hardships" and how do I qualify?
A: If you are currently behind on your payments and are
experiencing a hardship, you may qualify for a loan modification.
Here are some example list of hardships that lenders consider
during the loan workout process:
Adjustable Rate Mortgage Reset- Payment Shock (uncommon, but
we will see more lenders accept this in the future)
Illness
Loss of Job
Reduced Income
Failed Business
Job Relocation
Death of Spouse or C0-Borrower
Death
Incarceration
Divorce
Marital Separation
Military Duty
Reduced Income
Medical Bills
Damage to Property (natural disaster or unnatural)
Q: What If I'm Already In Foreclosure
A: In most cases, we can get the foreclosure process stopped
while the attorneys negotiate on your behalf for a loan modification
solution.
Q: What If I Have Bad Credit?
A: This is not a credit based solution, therefore your credit score
will not play a part in the negotiation process.
Q: Can't I do this myself? Why should I pay someone else to
do it for me?
A: Yes, you can negotiate with your mortgage company yourself,
just like some people act as their own accountants and attorneys!
If you are knowledgeable enough about mortgage delinquency and
understand loss mitigation techniques and calculations used today
by most lenders then you have a chance at succeeding. However,
for most people terms like "DTI", "LTV","Partial Claim", "Shortfall
Balance", and "Forbearance" are intimidating and confusing! If this
is you then you may find that dealing with your lenders "loss
mitigator" or "Loan Workout Specialist" may be a humiliating
experience as they move you through the process while you are
never quite sure if the representative your dealing with is looking out
for your best interests! How do you know that the representative
you are dealing with isn't fresh out of training class and
inexperienced in dealing with a complex scenario such as yours?
Will you have the experience to point out the mistakes and fight for
your approval? In any important matter involving your finances,
having the proper guidance, wisdom, and representation will make
all the difference in the world and not to mention save you time,
energy, and money in the long run. Make the decision today to put
us to work on it for you!
Q: How much does it cost?
A: The costs of loan modification will vary depending on the value of
your property, the type of loan, the lender, and the number of loans
held against your property. The modification cost usually comes
close to equaling the same as about one month's mortgage
payment.
Since every loan modification is different, it requires a varied
amount of negotiation. After a quick consultation, your loan
modification representative can help determine what the exact cost
of your loan modification will be.
Our primary goal is helping homeowners who want to keep their
homes, find a beneficial solution for their situation. We will work
with you to ensure that we can obtain an affordable solution for your
loan modification needs.
Q: How Do I Begin?
A: Either contact a representative or complete the online form and
we will be happy to immediately assist you. If our experts believe
they can help you then they will need some basic information about
your current financial situation. This will better allow them to make
an evaluation of just how they can help.
They will contact you in order to gather some of your paperwork
required in order to negotiate a successful loan modification.
A: A Loan Modification is when a lender agrees to modify any or
some of the terms of the mortgage, making it more affordable for
you.
Q: What are "hardships" and how do I qualify?
A: If you are currently behind on your payments and are
experiencing a hardship, you may qualify for a loan modification.
Here are some example list of hardships that lenders consider
during the loan workout process:
Adjustable Rate Mortgage Reset- Payment Shock (uncommon, but
we will see more lenders accept this in the future)
Illness
Loss of Job
Reduced Income
Failed Business
Job Relocation
Death of Spouse or C0-Borrower
Death
Incarceration
Divorce
Marital Separation
Military Duty
Reduced Income
Medical Bills
Damage to Property (natural disaster or unnatural)
Q: What If I'm Already In Foreclosure
A: In most cases, we can get the foreclosure process stopped
while the attorneys negotiate on your behalf for a loan modification
solution.
Q: What If I Have Bad Credit?
A: This is not a credit based solution, therefore your credit score
will not play a part in the negotiation process.
Q: Can't I do this myself? Why should I pay someone else to
do it for me?
A: Yes, you can negotiate with your mortgage company yourself,
just like some people act as their own accountants and attorneys!
If you are knowledgeable enough about mortgage delinquency and
understand loss mitigation techniques and calculations used today
by most lenders then you have a chance at succeeding. However,
for most people terms like "DTI", "LTV","Partial Claim", "Shortfall
Balance", and "Forbearance" are intimidating and confusing! If this
is you then you may find that dealing with your lenders "loss
mitigator" or "Loan Workout Specialist" may be a humiliating
experience as they move you through the process while you are
never quite sure if the representative your dealing with is looking out
for your best interests! How do you know that the representative
you are dealing with isn't fresh out of training class and
inexperienced in dealing with a complex scenario such as yours?
Will you have the experience to point out the mistakes and fight for
your approval? In any important matter involving your finances,
having the proper guidance, wisdom, and representation will make
all the difference in the world and not to mention save you time,
energy, and money in the long run. Make the decision today to put
us to work on it for you!
Q: How much does it cost?
A: The costs of loan modification will vary depending on the value of
your property, the type of loan, the lender, and the number of loans
held against your property. The modification cost usually comes
close to equaling the same as about one month's mortgage
payment.
Since every loan modification is different, it requires a varied
amount of negotiation. After a quick consultation, your loan
modification representative can help determine what the exact cost
of your loan modification will be.
Our primary goal is helping homeowners who want to keep their
homes, find a beneficial solution for their situation. We will work
with you to ensure that we can obtain an affordable solution for your
loan modification needs.
Q: How Do I Begin?
A: Either contact a representative or complete the online form and
we will be happy to immediately assist you. If our experts believe
they can help you then they will need some basic information about
your current financial situation. This will better allow them to make
an evaluation of just how they can help.
They will contact you in order to gather some of your paperwork
required in order to negotiate a successful loan modification.
Loan Modification Service
Free Consultation
| Loan Modification Frequently Asked Questions |
| The Solution To Your Mortgage Problem |
| If you are facing hardship don't wait. Act Now! Time is of the essence! Let us help you save your home. Apply Now! |
| See if You Qualify For New Loan Modification |