For thousands of homeowners who are currently facing default and foreclosure, it’s not too late to apply for assistance with amortgage loan modification. Even if you are 90 days or more past due on your loan, your lender may be willing to work with you to find a loan workout solution. One homeowner recently received a mortgage loan modification after 15 months of missed payments and they were able to save their home from foreclosure. Imagine, no more sleepless nights worrying about what to do-you don’t need a new loan-you just need to get the one you have changed into a low affordable payment.
Most lenders will postpone any foreclosure proceeding while a homeowner is awaiting mortgage loan modification approval. President Obama, Congress and the United States Treasury have strongly encouraged lenders to first offer a mortgage loan modification prior to initiating any foreclosure action. Billions of dollars have been earmarked to assist distressed homeowners find a loan work solution that will allow them to stay in their home and avoid foreclosure. Now is the time to find out if you qualify for some of the government sponsored and lender programs designed to help stem the increase of mortgage default and foreclosures across the country.
Homeowners stuck with a subprime or adjustable rate home loan that have not been able to refinance into an affordable loan program are prime candidates for a mortgage loan modification. You can fix the loan you have so that it will offer you a secure and affordable monthly home loan payment. However, time is not on your side, the sooner you start to work with your lender the better. Most lenders now have personnel in place to handle the increase in demand from their borrowers for mortgage loan modification. It is estimated that over 2 million borrowers could benefit from a mortgage loan modification.
Important! Before you contact your lender about a mortgage loan modification, make sure you understand the process and what your lender will need to see in order to approve your mortgage loan modification application. You lender has certain guidelines in place to determine which of their borrowers will be qualified for a mortgage loan modification. Once you understand how to prepare the paperwork and present your current situation so that it is acceptable to your lender, you will have a very good chance of being granted a mortgage loan modification that features an affordable payment.
You can get all the information you need in one low cost, easy to follow guide. The Ultimate Mortgage Modification Guide DIY kit is the most complete and up to date source of loan modification assistance available today. You can order and download The Ultimate Mortgage Modification Guide right online and get started preparing a professional and acceptable loan modification application. You will be provided with everything you need and given easy to follow, step by step instructions. Don’t wait any longer-order and download The Ultimate Mortgage Modification Guide DIY kit now and get started on the path to home based financial security.
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