LOAN MODIFICATIONS

A Permanent change in the terms of a loan, usually the interest rate and/or term, in response to the borrower's inability to make the payments under the existing term. It allows the loan to be reinstated, and results in a payment the mortgagor can afford.

Mortgage lenders often agree to modify a loan when the borrower cannot pay the mortgage or the borrower is struggling to pay the monthly mortgage payments. Mortgage lender determines that there would be a greater financial loss to proceed to foreclosure on the property rather than to simply modify and maintain a lending relationship with the borrower.

Loan Modifications preserve the relationship between the Lender and the Borrower

Our main goal in the professional service we provide is to negotiate with the mortgage lender to re-write the note to a more affordable monthly payment by reducing the principle balance and interest rate to today’s value and interest rate. The result of this process provides a lower payment to the borrower and a considerable monthly savings for the home.

A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.