LOAN MODIFICATION

Loan modifications are programs intended to help struggling homeowners adjust their mortgage terms to payment levels they can afford. This change in the mortgage agreement could result in a lower interest rate, lowered principal balance, and/or extending the term of the loan resulting in lower payments.


The Secret Value of a Loan Mod

While getting approved for a "permanent" loan modification is challenging, what we know about the loan modification process could benefit you handsomely.
The loan-mod process is time consuming: In some cases, very time consuming. While the modification itself may not be successful, the time spent processing a loan modification request could provide you and your family valuable time to continue living in your home. While the transaction is in process, all other actions by the lender (trustee sale, foreclosure) are temporarily forestalled thus prolonging the time you stay.

What Does It Cost?

There is no charge until a loan modification is approved, at a lower interest rate with an accompanying official letter of acceptance from your lender. At that, time a fee will be incurred equal to 6% of the total savings realized over the first 3 years of the loan modification (savings from reduced monthly payments). Consequently, we are highly motivated to save you as much money as possible.