Not only is California ranked fourth in the nation for the highest foreclosure rate, but San Diego County has one of the highest rates in the state. RealtyTrac reported that there were over 6,100 foreclosures in San Diego County in December alone! If you fear you are at risk of losing your home, it may not be too late to get help. HomeStart will determine if concerned homeowners in the area qualify for a loan modification and find the best solution to keep them in their homes!
Now more than ever, lenders are willing to renegotiate the loan terms. Not only do lenders save more money by modifying a loan than foreclosing on a property, but President Obama’s new Homeowner and Stability Plan (HASP) further incentivizes lenders to offer loan modifications. These loan modifications entail permanent adjustments to the loan terms that can allow homeowners to maintain their mortgage payments and keep their homes. HomeStart will determine if you qualify for a loan modification and get the process started with no upfront fees.
Why choose HomeStart?
HomeStart has a success rate of nearly 90% of submitted loan modification applications. HomeStart has been able to achieve this by taking the time to work on loan modification applications that most other firms won’t bother with. With HomeStart you can expect a higher degree of professionalism and customer service, with the ultimate goal of keeping you in your home!
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