Loan Modification is when you negotiate different and more advantageous loan terms with your lender. It helps you avoid foreclosure and allows you to remain in your home.

 If you can no longer afford to pay your mortgage – for whatever reason – loan modification will help get you back on your feet. If you think you don’t qualify for a loan modification or that it’s too complicated, we’ll show you how easy it can be.

Here’s what loan modification can do for you:

• Lower your interest rate
• Remove late fees and penalties
• Extend the terms of your loans
• Reduce your principal in some cases

 

In most cases, people are denied a loan modification simply because they fail to submit complete information to the lender. DON’T LET THIS HAPPEN TO YOU!

In response to the current housing crisis, the Obama Administration has established HAMP (Home Affordable Modification Program). This program encourages lenders to provide loan modifications to homeowners like you. Refer to our FAQ area for more detailed information on HAMP.

 

Who Qualifies?

You can qualify if you are in one or more of the following situations:

• You are out of work or are experiencing a decrease in income
• You are in bankruptcy or foreclosure
• You owe more on your mortgage than your home is worth

 

You can qualify for loan modification even if you’ve never been late with your payments in the past.