Oxnard, Simi Valley, Camarillo A+ BBB Mortgage Loan Modification Company | Ventura

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Many homeowners in Ventura County are struggling to keep up with their payments, as the high foreclosure rates demonstrate. RealtyTrac reported that as many as 1,226 Ventura County homes received a foreclosure filing in December 2009. While the situation may seem discouraging, HomeStart offers free consultations and excellent customer service to help you get a loan modification that will keep you in your home!

What is a loan modification?

A loan modification is a permanent change in one or more of the terms of your loan. The purpose of a loan modification is to allow the borrower to meet the new terms in order to prevent foreclosure. A loan modification is not a refinance; it is a renegotiation of the loan terms. In other words, a loan modification is a contractual agreement between the Lender and the Borrower to provide long term relief from unaffordable loan terms. Loan modifications can lower your interest rate, monthly mortgage payments, and the principle balance. Since the cost of foreclosure to the Lender is higher than new terms, lenders are open to loan modifications to prevent foreclosure. HomeStart is here to help you through this process.

Why choose HomeStart?

The advantage of using a loan modification company like HomeStart over trying to work directly with your lender is that most lenders do not have the time and personnel to accommodate your request. At HomeStart we focus on providing excellent customer service to understand your unique situation. Our team of experienced loan modification consultants is here to help you start new, not over.

Here is an example of a recent loan modification performed by HomeStart:

Property in California
Total monthly savings of $1,132.38/month 

• Primary Residence:
  Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of $2,445.30. 
• Modified to:
  Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.

For more information please visit www.YourHomestart.com