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Loan Modification Options
[July 23, 2008] by Foreclosure Help
Filed under: loan modification help, loan modification options
Loan Modification Options
We offer the best loan modification programs available and we will fight for you as a negotiators to stop your foreclosure. We have helped many homeowners stop foreclosure with many of the nations largest lenders. If you can afford your home and have had a hardship that is now over and want to get back on track contact us today for loan modification help.
Options available for loan modification:
A loan modification is the changing of one or more of the original mortgage terms in order to help homeowners bring a defaulted loan current to prevent foreclosure. Loan modification options are:
- Straight Modification - Capitalize delinquent interest, escrow, attorney fees and costs - the capitalized amount is added back into the UPB (unpaid principal balance)
- Step Rate Modification - Drop interest rate for a year to three years and every year raise rates back to original interest rate.
- Extend the term of the mortgage - will drop payments
- Reduce the interest rate
- A combination of the plans
If you need loan modification help contact us so we can help save your home. We can help stop foreclosure
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