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The Mortgage Modification Guide

How can I apply for a mortgage modification?

Many people find the process of negotiating directly with their lender extremely stressful. There can be any number of reasons for this, and often, those reasons build up. Think about it: You must be aggressive, because the lender will only consider giving you what they think you can handle. Even the most confident of us can feel intimidated, and that could affect the results. Once you pass that stage (if you made it that far), you must then determine whether or not you can afford the loan given. This means going over your yearly income and expenses. It is a little like doing your taxes... again. Unlike the IRS, however, lenders aren't as straight forward-they can manipulate the amount you owe, so it won't be 10-20% or some simple number like that. The amount you owe, and the monthly amounts you pay can be adjusted. You could ask questions, but that doesn't always mean there will be an answer that can easily be understood. The lender's main goal is to make a profit, and that doesn't always require the satisfaction of a customer. Unfortunately, there are not many other options, so people go through this process every day, and all they are left with are headaches, and bills that continue to stream through the mail...if they make it past that very first step.

Act now and find out if you might be eligible
for a mortgage payment modification.

There is, however, a way to avoid all of the aggravation. If you choose to use a mortgage modification company you just have to answer questions, all of which will be explained. It is that simple. You don't have to worry about missing anything important. Once the essential questions are answered and the modifier thinks you can save some money, you let them go to work and a few hassle-free weeks later, your monthly payments, your interest rate and possibly your principle are reduced. No intimidation. No research needed (on your part). No calculations going through the roof. No manipulation or legal jargon. Just an easier way to get the money you need, when you need it.

Choosing a mortgage modification agent

Choosing a mortgage modification agent isn't that hard in the beginning. What you want to look for is someone who is a hard worker, someone who is organized and works continually and quickly. Anyone can put up a front to make people think they are good, but the work will show an agent for what they are. So once you have chosen a modification company, make sure they are right for you, and if you have doubts, take your time. This is your home you are dealing with. You also want to be sure you aren't being scammed. Be careful with people who contact you over the phone and ask you for personal information and especially your social security number. Do not give your social security number to them unless they can prove that they work for a credible company. If this means calling them back after looking the company up to see if it's real then giving the company a call, so be it. If they are legitimate they can wait. Look them up online, be sure to look for complaints about them. As for websites, be careful with any website that asks for your social security number, make sure you check the website out. Look for contact information, give them a call or look for any complaints or reports about the company or website. If you have any questions about us, please contact us. We have real mortgage professionals doing the work, as well as brokers and lawyers too. Our agency takes great pride in our work and we take great caution in making sure no unqualified eyes see your information.

Getting Started

You can start the process by using our FREE Modification Appraiser™ to assess if you might be a suitable candidate for a mortgage modification. Once we are notified we will give you a call and get a little more information and then we will let you know what the best course of action is and how we are going to help you. We'd like to thank you in advance and let you know that we look forward to working with you!

Can I negotiate my own mortgage modification?

If you think you negotiate your new mortgage on your own, you certainly can, but it would be ill advised. As a home owner and a hard working American, you are entitled to the money you make and the money you save. If you decide to negotiate alone, you stand to lose a lot of money. Much like when you bought your house, you likely used a broker or a professional's estimates. Without that professional help, a small mistake can turn into a 30 or 40 year battle. We don't want that to happen. We also want you to be sure you are getting the lowest price possible. If you decide to negotiate on your own, there may be a small chance that you can get a pretty good deal, but would it be the best deal? Are you still paying too much? Do you know how this will turn out in the long run? It is our business to know mortgages, to know how this mortgage will effect your life and the lenders business. Should you chose to negotiate your mortgage by yourself, seek some form of counseling, whether it be an accountant or a lawyer, you should know what you are buying in to.

Continued: What can I do if I am turned down by my lender?

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