What is a Loan Modification?

• A process where the terms of a mortgage (interest, principle, or term of loan) are modified outside the original terms of the contract agreed to by the lender and borrower.

Why choose Loan Modification

• It makes sense
• Lenders are becoming more practical
• Incentives for banks are high (discount bonds)
• Refinancing is very difficult
• Keep families in homes                                          
  
• Crime, values, tax services and etc.
• Emotional trauma
• Last chance

The Problems

• 91% of people denied for refinance
• 2-5 million foreclosures est. next 2 years
• Est. 15 million homes have neg. equity
• Est. 46,000,000 homes dropped in value
• Incomes have dropped
• Jobs lost
• Inflation (gas, food & etc.)

What are the options?

• Modification (Rate, term, Principle reduction)
• Repayment plan (paying back payments missed through a payment plan that inflates the initial payments)
• Short sale the property
• Foreclosure

Loan Modification Process

• Gather all of the necessary paperwork
• Develop the Game Plan
• Send package to the lender
• Negotiate
• Sign final paperwork
• Close it out

Why choose us?

• Hiring us will pay for itself because you will not have to make up any missed payments
• First home payment will not be due for 45-90+ days
• We know all the available plans and will pick the plan that fits you best not the bank.
• You can actually do a loan modification yourself,  but we have experience on how to put your finances in order for approval. If you do it yourself and don’t fall in the parameters of the bank you will get denied and  you will not get a second chance.