Loan Modification

A Loan Modification occurs when your lender agrees to modify the terms of your current mortgage to make your mortgage more affordable considering your current financial situation.

Your current mortgage loan terms can be adjusted in several ways, such as your interest rate, principal loan balance, delinquent fees owed, and/or length (years) to repay the loan.

A Loan Modification will change the existing mortgage note and give the you a fresh new start in managing your home loan expense.

Loans in default can be brought up to date immediately. There are no new closing fees, insurance or other title charges.

Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives and the US Government is giving them incentives to encourage them to help you while helping themselves.

We represent you and show the lender why it would be in their best interest to agree to a workout arrangement with you.

In turn, the lender will reduce the loan interest rate, reduce monthly payment amounts or change other loan terms to allow for an affordable loan to allow you to avoid foreclosure.