Loan Modification

If you are current or slightly behind on your mortgage payments and have little or no equity on your property, a loan modification can be a great way to provide relief. A loan modification is when your existing lender readjusts the terms of your mortgage to achieve a more affordable monthly payment and/or reduce the mortgage amount to an amount more in tune with your current property value.

Why would a lender want to do a loan modification? Very simple. Because the alternative is a foreclosure. Not only is a foreclosure more expensive for the lender in the long run, but lenders these days have thousands of properties in inventory and they are not selling very fast. Therefore, it behooves the lender to do whatever is within their power to ensure the existing owner stays in the house. The property owner can call their lender to try to negotiate more reasonable terms. However, in the majority of the cases the lenders don’t offer attractive new terms.

That’s why we provide loan modification services to our clients for the entire state of Florida, particularly the South Florida area. We can negotiate better terms for you than you can on your own because that’s all we do. We are in front of the banks constantly so we know what they look for, And we are one of the few companies in Florida that WILL NOT charge anything upfront. We only collect after the loan modification is done. Therefore, there is NO RISK to you. We work with all major lenders such as Countrywide, AHMSI, Wachovia, Select Portfolio, First Franklin, Wells Fargo, Sun Trust, EMC, Washington Mutual, and many others.

The average loan modification takes 30-75 days with the average taking 55 days. Give us a call today or complete our initial application here. One of our agents will be in touch with you to explain how the process works.