Brett and I have had a number of calls this week regarding Loan Modification…
The word of wisdom we give to any caller is get a PROFESSIONAL to help with your modification immediately! The value you’ll receive is 10 times or more the amount of fees you will be charged. We have seen loans go from 7% down to 2%, negative amortization loans get re-set to 30-year fixed, and principle reductions in the tens of thousands of dollars.
A loan modification company will assist you through the process of working with your mortgage company, which can be a daunting task. They know who to talk to at your mortgage company or bank and how to package your financial information in the way the lender wants to see it. Even with programs like HAMP you need an expert walking you through the process. And in 9 most cases the mortgage company will give more favorable consideration and credibility to a professional third-party negotiator.