Loan Modification

• Behind on Your Mortgage?
• Unable to Pay?
• Can’t Qualify for a Refinance?
• Are You Facing Foreclosure?
• Can’t Sell for What You Owe the Bank?

A Loan Modification can transform your loan and make your home affordable again.

What is a Loan Modification?

A Loan Modification is an alteration to a home loan made by the existing lender in response to a borrower's long-term inability to repay the loan. Loan modifications can typically involve a reduction of the interest rate (which may reduce the payment), reduction of the principal balance (total amount owed), and/or an extension of the length of the term of the loan. In some cases it can involve changing the type of loan or any combination of the three examples above. A lender is often open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure.

The term Loan Modification is very unfamiliar to most homeowners, but not for very long. What many people are coming to realize is that losing their house to foreclosure can become a real possibility. Home foreclosure in America today is at an all time high and is affecting many homeowners who never believed they could lose their home to foreclosure. Homeowners are feeling the crunch of higher interest rates and a slowing economy. A loan modification may be the only way for a homeowner to save the biggest investment of their life - their home.

The first thought many people have is to refinance to get out of their high interest rate mortgage. During normal times this would be the right course of action, although it's always painful to pay the associated fees that are part of the refinance. In today's market this formula doesn't work - when you factor in the drop in real estate value and the tightening of credit you will not be able to recreate your past deal.

These are troubled times for many homeowners with few options available. The lenders don’t seem to care that homeowners need their assistance and seemingly would rather take the properties back as opposed to providing reasonable options.

Most people find dealing with their mortgage company to be a dehumanizing experience as they are shuffled along the assembly line-like process, never sure if the representative they are talking to is truly looking out for their best interests or merely trying to meet their quotas while attempting to keep the call short. Most lenders don't move fast enough for homeowners to avoid losing their homes & ruining their credit!

What We Will Do

We will do our best to ensure that your mortgage payments remain at an affordable level, or return to a manageable monthly amount. Whether you have experienced loss of equity, a rate & payment increase, job loss, sickness or a temporary financial setback - we can help.


• NO refinancing required
• NO equity required
• NO appraisal required
• NO credit check required
• NO hidden fees

99% of all 'A' type lenders and 70% of sub-prime lenders (with high interest rates) will negotiate a loan modification where your delinquent payments and foreclosure fees are added onto the back of the loan. For adjustable loans, your loan payments will often return to approximately where they were BEFORE the payment rate & payment adjusted up. In some cases the interest rate will be reduced temporarily (2-5 years), allowing you a lower payment in order to catch up the arrearages and maintain your payments in a timely manner.

There are literally thousands of variations as to the types of loan restructuring. We can provide examples of how we have helped others in similar situations to yours.