The Loan Modification Foundation

How to Handle Your Home Loan Modification..

We receive dozens of questions daily from homeowners in regard to loan modifications.
If you’re having hard time making your payments, we can help you. Even if you’re in jeopardy of losing your home, we can help you.
 
Our loan relief program offers a loan modification process that allows homeowners and lenders to change the terms of a loan [...]

Can Your Mortgage Lender Reduce Your Principal Balance?

As I’ve been trying to do, I am taking questions that I frequently get from homeowners about home loan modifications on a daily basis and I’m trying to answer those questions for everyone.
What I think has probably been the most difficult part about home loan modifications for homeowners is that they don’t really understand it. [...]

What to Expect from a Home Loan Modification

Every day when my staff and I talk to homeowners struggling with their financial situation, we get asked a lot of similar questions. Some of these questions include…
How much will the bank modify my loan?
Can they reduce my principal balance?
If I miss a payment, will they help me faster?
What if the modification they give me [...]

Questions and Thoughts from the Field…

I was talking to a client recently and they asked me how many people I thought would be able to get their loan modified form the applications I had submitted to the different mortgage lenders. I thought about it and I hesitated when I responded to her because of course I’m not really sure how [...]

Do You Have a Loan With Countrywide?

Hey everyone…        
I have a big update today that I wanted to share with everyone. Originally the special offer below was made available to just friends and family but we were asked permission to expand the offer and were granted it.
Anyway, we have been working hard trying to modify loans for homeowners going through financial hardship(s). We [...]

Interested in a Loan Modification? How to Get Started..

Many homeowners are evaluating whether or not they need a home loan modification. Some of these homowners are late on their mortgage, some are not late, and some are in foreclosure. Similar to refinancing when people wait until the rates are down and then people act, many homeowners wait until they know they absolutely need [...]

Differences Between Refinancing and Loan Modification

A lot of people confuse refinancing with loan modification and vice versa. Althought the two are similar, there are also disctincy differences.
A refinance is when you decide you want better terms on your loan or you want to take some equity out of your home (cash out) so you decide to refinance. Refinancing is fairly common but in order [...]

Can I Do A Loan Modification Myself?

In my blogs, I’ve decided to cover questions that homeowners ask me frequently because they probably are representative of questions a lot of people are asking…
Yes, you can inquire with a bank on your own regarding a home loan modification. In fact, I recommend that everyone go that route whether you are late on your [...]

Loan Modification Company Warning Signs

I get asked all of the time from people looking to modify their loan…”How do you know if the company you are talking to regarding modifying your loan is legitimate?”
There are a few signs to look for when researching a loan modification company. First, are they asking you questions about your current financial situation? Do [...]