Loan Modification Q & A

Loan Modification Q&A

Q: What is Loan Modification?

A: A Loan Modification is when a lender agrees to modify any or some of the terms of
the mortgage, making it more affordable for you.

Q: What are "hardships" and how do I qualify?

A: If you are currently behind on your payments and are experiencing a hardship, you
may qualify for a loan modification.

Here are some example list of hardships that lenders consider during the loan
workout process:

Adjustable Rate Mortgage Reset- Payment Shock (uncommon, but we will see more
lenders accept this in the future)
Illness
Loss of Job
Reduced Income
Failed Business
Job Relocation
Death of Spouse or Co-Borrower
Death
Incarceration
Divorce
Marital Separation
Military Duty
Reduced Income
Medical Bills
Damage to Property (natural disaster or unnatural)

Q: What If I'm Already In Foreclosure?

A: In most cases, we can get the foreclosure process stopped while the
attorneys/loan consultants negotiate on your behalf for a loan modification solution.

Q: What If I Have Bad Credit?

A: This is not a credit based solution, therefore your credit score will not play a part in
the negotiation process.

Q: Can't I do this myself? Why should I pay someone else to do it for me?

A: Yes, you can negotiate with your mortgage company yourself, just like some
people act as their own accountants and attorneys! If you are knowledgeable
enough about mortgage delinquency and understand loss mitigation techniques and
calculations used today by most lenders then you have a chance at succeeding.
However, for most people terms like "DTI", "LTV","Partial Claim", "Shortfall Balance",
and "Forbearance" are intimidating and confusing! If this is you then you may find
that dealing with your lenders "loss mitigator" or "Loan Workout Specialist" may be a
humiliating experience as they move you through the process while you are never
quite sure if the representative your dealing with is looking out for your best interests!
How do you know that the representative you are dealing with isn't fresh out of
training class and inexperienced in dealing with a complex scenario such as yours?
Will you have the experience to point out the mistakes and fight for your approval? In
any important matter involving your finances, having the proper guidance, wisdom,
and representation will make all the difference in the world and not to mention save
you time, energy, and money in the long run. Make the decision today to put us to
work on it for you!

Q: How much does it cost?

A: The costs of loan modification will vary depending on if you have just one loan or if
you have two or three loans on your property. After a quick consultation, your loan
modification representative can help determine what the exact cost of your loan
modification will be. Also keep in mind, we offer a money back guarantee.

Our primary goal is helping homeowners who want to keep their homes, find a
beneficial solution for their situation. We will work with you to ensure that we can
obtain an affordable solution for your loan modification needs.

Q: How Do I Begin?

A: Call 1-800-437-2185 or CLICK HERE to complete the online form and we will be happy to immediately assist you. If our experts believe they can help you then they will need some basic information about your current financial situation. This will better allow
them to make an evaluation of just how they can help.