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What is Loan Modification?
Loan Modification is a term getting a lot of attention lately and when you look at the current foreclosure crisis you can see why there is so much buzz around this mortgage assistance solution. In simple terms a loan modification is when your lender makes changes to your mortgage note in order to work with you and make your mortgage payments more affordable for you. Your lender may lower your rate, lower your balance, increase your term, and or wipe out delinquent fees! When we work with your current lender on a loan modification, we work with them to take the payments you are behind and work them back into your current loan. Then we work with your current lender, to obtain an acceptable payment that both you and them can live with. The last detail we will work on with your lender is to re-write your loan as a fixed rate loan, to avoid the pitfalls of an adjustable rate mortgage (ARM) loan, which you probably already have. Mortgage Loan modification is a great solution for many people, but you must be careful. Submitting a Loan modification the wrong way can take you down the road to foreclosure quickly which is why we reccomend having a professional negotiate for you! Many families have tried to refinance their current mortgage. Unfortunately, due to the declining market, this has not been possible. Home values have depreciated by as much as 50% in some areas. Everyday we meet people who have been tossed around by their lender only to end up with no help, no assistance, and no solution to the problem they are facing.
Why Choose Our Loan Modification Services?
We Specialize in providing Mortgage Assistance Solutions to homeowners who are faced with this hardship and do not want to give up their homes. Our Services are the wave of the future in home retention and we are the pioneers in the movement to bring them to the public! We work hard on your behalf to mutually come to an agreement with your current lender that creates new and better loan terms that are more affordable and benefit both parties involved. By working with us you are ensuring that your file is going to be presented to the lender exactly how it should be. This will significantly increase the likelihood of a successful loan modification because if you present too little or too much information to your lender, you could literally make the difference of over 3% on your rate or even worse... get denied and sent to foreclosure!
Can't I do this on my own? Why should I pay you?
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 mittigation techniques and calculations used today by most lenders then you have a chance at succeeding. However, for most poeple 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!
If your still thinking about trying it yourself you may want to read my free report and this article!http://www.marketwatch.com/news/story/youll-have-jump-through-hoops/story.aspx?guid=%7B2A1C5457-75E5-4132-83EB-EB999FDF21CA%7D
