Mortgage Loan Modification

If you have suffered a major financial hardship and are having trouble making your monthly mortgage payments, you may qualify for a mortgage loan modification.

What is a loan modification?

A mortgage loan modification is a process where the terms of a person’s mortgage are altered and modified outside of the original terms of the contract agreed to by the lender and borrower. It is a process that is typically initiated by the homeowner, and if qualified several things can happen…

The bank may agree to permanently adjust your current interest rate, change the term of the loan, and they may also agree to lower the principle amount owed on the mortgage in certain circumstances. A modification must be approved by the lenders loss mitigation department and the homeowner must show that they can afford the new terms and monthly payment. Usually in the Making Home Affordable program that is backed by the federal govt., if a homeowner meets all of the guidelines the mortgage payment may be reduced to approx. 31% of the person’s gross monthly income.

If it sounds like you are a candidate for a loan modification simply fill out the form and get a free consultation from an accredited loss mitigation specialist right away. It only takes 30 seconds to fill out and you can potentially save thousands of dollars and get to keep your house and avoid foreclosure. Start Now!