Staying awake nights worrying about how you can save your home and wondering if a loan modification might be the answer? Every day we are hearing more and more about the loan modification option for homeowners stuck in high interest rate, unaffordable home loans. President Bush and Secretary Paulson have been strongly encouraging lenders to reach out to troubled homeowners and offer a loan modification instead of foreclosure. Several new programs have recently been launched with government funding and backing to help stop the tidal wave of foreclosures threatening our economy.
You may qualify for one of these loan modification programs. You don’t want to miss out on the billions of dollars earmarked for homeowner assistance programs. Now is the time to stop worrying and start learning about how you can qualify for a loan modification. Are you one of the millions who:
- Have a sub prime or adjustable rate loan? If you cannot afford to make the payments due to a high interest rate or a rate that is due to reset, you are a perfect candidate for a loan modification. Many borrowers were placed in loans they did not understand and could not afford. There are several programs in place to help borrowers in this situation.
- Suffered a hardship that caused you to fall behind? Lenders are willing to work with borrowers who have suffered either a permanent or temporary hardship situation. Life happens, but with a compelling hardship letter, your lender may agree to a loan modification to help you get back on track.
- Unable to refinance or sell because you owe more than your home is now worth? Many areas have seen a 50% drop in home values making it impossible to refinance or even sell your home for what you owe the bank. While loss of value alone is not an acceptable reason for a loan modification, most lenders would rather fix your loan than take the home because they will lose too much money.
- Predatory lending victim? There are laws in place to protect borrowers from unfair lending practices. You may have legal recourse if you were not provided certain properly executed disclosures or if your final loan payment differed significantly from your original paperwork. Lenders can suffer severe consequences and the mention of this violation will often compel your lender to offer a loan modification.
You deserve some of the funding and assistance that is now available to troubled homeowners. Don’t wait-find out how you can qualify for one of the new loan modification programs. More and more lenders are reaching out to homeowners in trouble. Don’t be taken advantage of again-now is the time to take control of your financial future. Take the time to learn about your options and put a plan of action in place to save your home. An informed homeowner is hard to take advantage of-and after all, no one is going to fight harder than you will to save your home.
You can learn everything you need to know in one low cost, easy to read handbook-The Complete Loan Modification Guide is the most up to date and complete source of home retention information available today. The Complete Loan Modification Guide will provide you with everything you need to prepare a professional and acceptable loan modification application. You will receive all of the required loan modification forms and detailed directions on how to complete them, along with hardship letter help, negotiating tips, and informtion about your legal rights. Thousands of homeowners have gotten the help they needed-you can too! Stop worrying and get going-order and download The Complete Loan Modification Guide now.
If you would like more information about loan modification options, please visit us at: http://www.myloanmodificationcenter.com