Loan Modifications Can Stop Foreclosure and Save Your Home
Sign Up For A Free Loan Consultation
Loan Modification is the process of modifying or re-writing the terms of your existing loan so that you have a payment you can afford.
This way, you do not have to move out, sell your home or have the bank take it back.
Typically this will be an interest only payment until you can afford to pay more.
One key point. We do not use Reverse Amortization where the amount you owe on your loan goes up each month. Those are considered Predatory Loans.
What We Do For You
- We negotiate a lower interest rate
- We negotiate a lower monthly payment that you can afford
- Sometimes we are able to reduce the amount you owe
- We take care of all the paperwork
Do It Yourself Loan Modifications
This is a process you can try to do yourself. If you are really good at filling out paperwork ( like tax forms) and you are a very tough negotiator then you might be able to do this without our help.
What Do We Charge For This Service?
Fees vary depending on your situation, and how many loans you have. Call for a free quote.
During your free consultation we will offer you a fixed price to modify your loan.
Most of our customers are able to get there fee back within two months, and keep there home.
Forbearance, Deferment and other Loan Workouts are Band Aids
There are many types of "Loan Workout" agreements between lenders and the existing note holder (Borrower).
Loan Modification is the best approach in today's market where the banks have already more foreclosures than they can afford. Loan mods are best for the home owner.
Another type of loan workout is called Forbearance. During forbearance, your payments are reduced, or in some cases, postponed. This is a band aid and benefits the lender more than the homeowner.
Sometimes a lender will authorize a Deferment, allowing you to temporarily postpone payments on your loan. This gives the borrower some breathing room. This is another band aid that benefits the lender more than the homeowner.
Confused? Just call us.
