FAQ's



What is a Loan Modification?
Essentially, a loan modification is a legal negotiation between the lender and the home owner's representative which adjusts the loan's terms, such as the interest rate, the monthly payment or the length of the loan. The result is lower monthly payments that are more in line with the homeowner's current financial condition.

Am I a good candidate for a Loan Modification?
Homeowners who fall into any/all of these 3 categories are good candidates for a loan modification:

  • You have an adjustable rate mortgage that has or soon will increase
  • You fell behind on your mortgage payments or anticipate that you will due to financial hardship
  • Your home value has dropped below what you owe on it

Why shouldn't I get a Loan Modification on my own?
In theory it is possible. However if you are struggling to make your mortgage payments you do not have any time to spare. Lenders tend to be unresponsive toward the individual borrower when it comes to suggestions of working things out. However, we can match you with a Loan Modification Professional who will get your lender's attention! Through legal, professional and ethical methods, a professional Mortgage Modification Specialist will work to save your home.

Is Loan Modification the same as Refinancing or Debt Consolidation?
This is not a refinancing or debt consolidation service. We offer to connect you with a loan modification services where a legal representative will renegotiate terms of your current loan such as the interest rate, the monthly payment or the length of the loan. If you have tried refinancing and were not approved, a loan modification may be the answer for you.

What do I have to do to get a Loan Modification started?
The first step is to fill out the online form that you will find by clicking the "Apply Now" link on the right of this page or HERE. Next you will be quickly contacted to gather income documentation and start forming a snap shot of your present financial condition. A letter explaining any financial hardship may be required also. Rest assured all information is kept 100% confidential and secure.

How long will it take to finalize my Loan Modification?
Your case, along with every other case, is unique and treated as such. As a result providing a specific time line is not feasible. A loan modification can take as little as 2 weeks or as long as a few months depending on a myriad of factors. However you will remain in your home during the negotiation process.

What if I don't qualify for a Loan Modification?
A homeowner who has waited too long to take the initiative to protect their home may not qualify for a loan modification. If this is the case for you there will still be no charge for the evaluation.

Is there enough time to avoid foreclosure of my home?
Unfortunately time is not something you have a lot of if you are facing a foreclosure. The best thing you can do to avoid foreclosures is to contact us NOW! You must take control of your situation and act before it is too late.