WHAT IS A LOAN MODIFICATION?

A Loan Modification is a change to your existing mortgage loan by your lender(s) once they realize with evidence that you are not able to afford the current mortgage payment.  Loan modifications usually consist of an adjustment to your interest rate, an extension of the loan term, and/or a principal balance reduction which gives the homeowner a LOWER MONTHLY MORTGAGE PAYMENT! 

Loan modifications can involve some or all of the following;

• Locking in a fixed rate (e.g., a 3 yrs. 5 yrs, or 30 yr fixed)
• Reducing your interest rate (e.g., 7.75% down to 4.5%)
• Extending your loan term (e.g., 15 year term to 30 year term)
• Reducing the principal balance (e.g; decreasing a loan of $300,000 to $250,000)

It is in the the lender's best interest to modify your loan if the cost is less than the cost of starting a foreclosure.  The process is also known as Mortgage Modification or Loan Restructuring. 

USE AN ATTORNEY BACKED LOAN MODIFICATION COMPANY

An Attorney-backed company is one that is experienced and legally takes steps to make the lenders respond in a timely fashion. They typically conduct a Forensic Loan Audit of your original loan documents so that their experienced Loan Modification Negotiators can use this information as ammunition when negotiating for a rate reduction and/or principal reduction.

WHY IS A FORENSIC LOAN AUDIT NECESSARY?

DO I QUALIFY FOR A LOAN MODIFICATION?

Find out with a FREE LOAN MODIFICATION CONSULTATION.  Use the form on the right side and an experienced loan modification professional will contact you. The pre-qualification takes 10 minutes or less of your time. It involves discussing your situation in detail to see if you qualify for a loan modification. Services provided nationwide including Oregon, Washington, California, Arizona, Nevada, Florida, New Jersey and other states.