Here at modifyloanexperts.com, we connect you with reputable loan modification companies who can negotiate successful mortgage loan modifications on your behalf with your bank and save your house.

Loan modification agreements come in different forms but quite frequently they involve the reduction of mortgage's interest rate for a specified period of time so the homeowner can continue to make payments and stay in the home. Loans can also be modified so they have a longer amortization term (e.g. 40 year instead of 30 year) which will cause the payments to decrease. Principal writedowns are rare, but they do indeed happen where the bank actually writes down some of the principal amount.

Majority of the home loans needing modifcation today are conforming mortgage loans made by big banks such as HSBC, CitiMortgage, Countrywide, Household, IndyMac, JPMorgan, Wells Fargo, Washington Mutual and Bank of America and based on Fannie Mae and Freddie Mac guidelines. If you are behind on your mortgage and do not see any relief in your near term future, you can benefit from a loan mod. Act now since time is really not on your side.

3 months step to modification. If the payments are made as agreed, loan then modified to 6.90 fix, all past due capitalized into balance. The 2nd will be brought current and the payments will remain the same. Customer will be sent package for updated income at the end of 3 months, if all remains the same the mod will be approved.  Down payment due back with doc’s and first payment is 10/25.

Pre-Modification - Adjustable Loan at 8.625%, payment was $4658.00 PITI.  Customer was in foreclosure and had not made a payment since 10/07

5 years interest only at 3.25%. After the 5 years it will be a principle and interest adjustable at prevailing market rates at that time. 

So…. Not only did we take them out of foreclosure…..we took a customer from a PITI payment of $4,658 to a PITI payment of $1,561.99 saving them over $3000 a month!!!! 

Customer is currently in a "Neg Am Pick a Payment" that is currently at a 7.460% interest rate. Our approval is as follows:

Then the loan converts into a 30 year fixed at 6.818% for the remainder of the loan. If customer has a problem down the line, we also can go back for another modification.

This was a initially a turn down by the lender. The front line had read us the denial stating client had too much disposable income to warrant a modification. It turned out they were not hitting the borrower for a payment on their n/o/o property and with that they were at a deficit.

Loan modifications used to be reserved for borrowers whose mortgages became delinquent because of job losses, divorce proceedings, or illness, but today they are also open to those individuals who are suffering in the aftermath of adjustable rate mortgages skyrocketing and placing the monthly payment beyond the means of the borrower. It is vital to begin the process as soon as possible when the damage to the budget and the financial backup of the homeowner is still contained. The sooner a fixed rate is negotiated, the better the odds of receiving a most beneficial rate cut and experiencing the relief that lowered mortgage payments will bring.

If you love your home and know you can afford it, but the current mortgage is threatening a loss of both home and good credit, let us match you up with experienced loan modification legal professionals to see if you are a qualified applicant for the process. Fill out the form to the right to see if you qualify.

Even if you have attempted to work with your own lender in the past and have come away from that experience with a less than positive experience, we can help. As a matter of fact, many lending institutions experience a severe lack of trained personnel to help struggling homeowners save their homes and it is therefore common that the homeowner is left without any help - in spite of a business relationship with the company that may have spanned several years.

Understanding the plight facing homeowners today and the very real threat of foreclosure, legal assistance during the process of applying for a loan modification is essential in the attempt to make the lender sit up and listen and provide the best possible solution for any homeowner before it is too late. Do not hesitate to contact us so we can connect you with a legal professional today who is well versed in the field of loan modification and who will save your budget, your home, and your good credit. The assistance you receive is fast, concise and confidential.