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April 11th, 2010
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The home affordable modification program (HAMP) has undergone some changes recently. Rest assured, we are up to date on these changes and will be able to tell you if you qualify and get you approved if you do.
Here’s the major info with the home affordable modification program. Many lenders took money from the government and claimed to participate in this program, but hardly modified any loans. This is because the more defaults they had on their books, the more money they could get.
The government did not take kindly to this and basically told the lenders they were going to cut them off.
So now, you have Bank of America and other lenders announcing that they are going to start “aggressively” modifying loans under the hamp program… basically trying to spin this situation into a positive PR move for their company.
Many homeowners will still have major difficulties in getting approved for a hamp loan modification, due to the strict guidelines.
We have had huge success in modifying homeowners loans under the home affordable modification program guidelines and will continue to do so. All you have to do is visit our homepage HERE. Fill out our short form and find out if you qualify. If so, we can help you obtain the lower mortgage payment you need to keep your home.
It all comes down to the guidelines and we know exactly how to fit you in with your lender. In some cases, we have been able to negotiate a hamp loan modification with one phone call and the bare essentials of customer information. This means, you would get your loan modification paperwork sent to your home, without having to send in a huge packet of information.
The only way we know if we can do this for you is if you fill out our form!
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January 20th, 2010
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Are you trying to get a commercial loan modification? Do you own one of the following:
- Hotels, Motels, and Resorts
- Condominium and Apartment Buildings
- Malls, Strip Centers, and Restaurants
- Office Buildings and Complexes
- Industrial, Storage, Warehouse and Manufacturing Facilities
- Health Care Facilities
- Mobile Home Parks
- Land Development
- Other Commercial Properties
Not much has been said about commercial loan modifications, due to the flood of residential modifications on the market. However, there is a strong need for this service in todays market. Homeowners were not the only ones affected by the downturn in the economy and many business owners are struggling to afford their mortgage payments on these properties.
It can be a little more difficult to negotiate a commercial loan modification than a residential, which is why you want the best representation to handle this for you. The good news is, it is possible and it can save you much more than a residential modification per month. You might even be able to get a principal reduction. Our modification specialists have been able to negotiate:
- Reduce Principal and Interest payments
- Extend the term of the note
- Interest only payments
- Suspend payments temporarily
- Stop Foreclosures, Auctions, and Sheriff Sales
We can’t tell you what you will qualify for without a consultation. Every situation is different! We will be honest and upfront with you over the phone. If you qualify, we will tell you the next steps you need to take, if you don’t we can give you some suggestions to help you out. Either way, you need to fill out the form on our homepage or call us at 888-762-1150 to see if we can help you.
We are fully licensed and meet all compliance requirements for your protection.
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July 22nd, 2009
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Just wanted to update homeowners out there who are looking for information on the Obama mortgage plan. In our previous posts, we talked about what the Obama mortgage plan can get you (lower interest rate down to 2%, extended terms and balance reductions). We forgot to mention one crucial thing to many homeowners facing foreclosure…
Once we start the Obama mortgage plan with your lender, you mortgage is frozen for 90 days. This means your lender cannot sell your home or evict for atleast 90 days, or until we come to a resolution (your modification is approved).
This will ease the stress of many homeowners who are facing foreclosure and allow them to by some more time to work out a solution.
If you want to speak to us about the Obama mortgage plan, feel free to give us a call or fill out our quick and easy contact form. We are experts at getting homeowners qualified for this plan and we also have other exciting plans with many different lenders.
Visit our homepage for more information —>Obama mortgage information home.
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July 14th, 2009
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We have an exciting program for those who are seeking to get a Countrywide loan modification. With just a few bits of information, we can find out if you are approved, what your new payment and interest rate will be and complete the loan modification in about 7 days.
First we would need authorization from you to speak with you lender on your behalf. This usually takes 1-2 days. Then, we can call your lender, find out all the information as discussed above and show you verifiable results from your lender. If the Country wide loan modification is beneficial for you, you can elect to proceed with the program and have it done. There are no upfront fees to see if you qualify and discover what your new payment will be.
No longer will you have to wait for months to see if your loan modification went through! Also, for some homeowners who are in certain loans, a loan modification might not lower their payments too much or at all. So those homeowners will not have to pay for loan modification services and discover months down the road they their payments are not going down. They will be able to know what the results will be before they start and before they pay anything!
If you are looking for a Countrywide loan modification, just give us a call or fill out our quick and easy form today! In just a couple days, we will be able to produce verifiable results for you to look over.
Here is the link to our form page: Countrywide loan modification
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July 2nd, 2009
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We are excited with the results of our Bank of America loan modification program. We are helping homeowners every day get approved and get their loan modifications completed in record time. If you have a loan with Bank of America, call us today to see if we can help you lower your monthly payments!
Our plan is very simple and very unique. We need a small amount of information from you in reference to your loan. We also will need authorization to speak to your lender on your behalf. this usually takes 24-48 hours to complete. Once we have authorization, we can then contact your lender and see if you are approved or not. If you are approved, we can find out your new interest rate and monthly payment. This information is verifiable. There are no upfront fees to see if are a candidate or to see if you qualify for the program.
If you decide to proceed, we can usually complete these Bank of America loan modifications in 7 days or less. Many times, we can defer your initial payment for 30 days or more, to further ease your financial burdens.
We are having great success, lets see if you are next! One recent client of ours got over $60,000 in back fees waived!
bank of america loan modification
get a loan modification
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July 2nd, 2009
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We can help homeowners to get a loan modification in many ways, one of which is the Obama Mortgage Plan to provide for affordable home loan modifications. You need to fit certain requirements to be eligible for this plan, please call or fill out our easy form so we can asses your situation and help you get approved!
Obama Mortgage Plan
Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income. A Home Affordable Modification will provide them with mortgage payments they can afford.
Home Affordable Modifications
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.Am I eligible for a Home Affordable Modification? Answer these questions:
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Is your home your primary residence? |
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Is the amount you owe on your first mortgage equal to or less than $729,750? |
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Are you having trouble paying your mortgage?
For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)? |
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Did you get your current mortgage before January 1, 2009? |
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Borrower Eligibility
- Modifications may be available for borrowers who are delinquent (including those currently in foreclosure) or for borrowers facing the imminent risk of default because of a documented inability to continue making their current monthly payments.
- The property must be occupied as the borrower’s primary residence and most property types are eligible including, one- to four-unit properties, condominiums, co-ops, and manufactured homes.
- Mortgages originated on or before January 1, 2009 are eligible and the unpaid pre-modification principal balance can be as high as $729,750 (more for two- to four-unit properties).
Modification Steps
After determining a borrower’s eligibility, a servicer will take a series of steps to adjust the monthly mortgage payment to 31% of a borrower’s total pretax monthly income:
- First, reduce the interest rate to as low as 2%,
- Next, if necessary, extend the loan term to 40 years,
- Finally, if necessary, forbear (defer) a portion of the principal until the loan is paid off and waive interest on the deferred amount.
Many homeowners will try to qualify for this program themselves. They will contact their lender and the lender will ask them quite a few financial questions. The lender will tell you that you make too much money or don’t make enough and deny you your loan modification. If you have already tried this program or want to see if you qualify, just fill out our form or give us a call.
We are EXPERTS when it comes to the “Obama Mortgage Plan” (the Home Affordable Program). We know the necessary ratios it takes to get you approved for this program. Let us help you get your files in the hands of a bank negotiator and get you approved! Just visit our home page and call or fill out the form today!
There are no upfront fees with this program.
888-762-1150
Get A Loan Modification <–to fill out the contact form
Obama Mortgage Plan
p.s. if you are facing foreclosure, when we start the Obama mortgage plan with your lender, your mortgage will be frozen for 90 days. This means you cannot lose your home during this time.
We also have instant loan modifications available if you have a loan with Countrywide, EMC, Bank of America or Wells Fargo. 7 days or less and the whole modification is completed. No upfront fees to find out if you qualify and what your new rate and payment will be!
About the ProgramThe Home Affordable Modification Program is designed to help as many as 3 to 4 million financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The program provides clear and consistent loan modification guidelines that the entire mortgage industry can use.
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July 2nd, 2009
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Our Wells Fargo mortgage loan modification program is very similar to our Bank of America program. All we need is some basic information from you and authorization to speak with Wells Fargo on your behalf. This typically takes 24-48 to get the authorization. Once that is in place, we can contact your lender and see if you are approved for a loan modification. If so, we can also let you know what your new interest rate and payment will be. All this is done for you with no upfront fees. If you would like to proceed and accept the loan modification, we can usually have this completed in about a week. No waiting for months and months to see what is going to happen with your loan! With this program we may also be able to push back you first payment for 30 days or more to further ease your financial burdens.
Just give us a call or fill out the form to see if you qualify!
get a loan modification
wells fargo loan modification
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July 1st, 2009
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We are excited to help you with all of your loan modification needs. Our professional staff will assist you with any questions you may have about reducing your mortgage payments. Just call our toll free phone number on the top of the home page or fill out our quick and easy form and we will do everything we can to help!
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