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Are you
Eligible?
Check to see if you
qualify for a loan modification.
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Loan
Modification Services
If you’re in the process of dealing
with foreclosure, you may feel as though you’ve been swept up in a
process that cannot stop. If so, you are not alone, most
homeowners whom are going through the foreclosure process feel the
same way, they do not know where to turn or what to do during the
stressful process and many in the end give up without a fight.
The first thing to understand about
stopping foreclosure is that it is possible and the key is
knowing how to submit a properly prepared package, submitting all
the required documents and knowing how to negotiate and fight for
your rights. The lender will tell you what to send and where to
send it, do you think your lender will coach you how to
negotiate or advise you of your rights?
A loan modification is an agreement
between a mortgage holder and the lending institution to change
the terms of your loan. They may change the interest rate, term
and in some cases even the principal balance. If you have an
adjustable rate mortgage (ARM) the lender will always offer a
fixed rate mortgage as part of the loan modification plan.
There are numerous loan
modification programs available, it is all a matter of which
program(s) you may qualify at any given time. The longer you wait
the less options you may have to use. Do not let anyone tell
you that you do not qualify for any program. There are loan
modification alternatives that can be very beneficial to many
homeowners. Did you know there is a program, where the lender
pays you? Speak with a representative about the many programs
that are available and find out which program may be your best
option.
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