It's a process whereby a homeowner's mortgage is changed through negotiation, and both the lender and the homeowner are bound by the new terms. These modifications include lowering the interest rate, converting adjustable rate mortgages to fixed rates, increasing the term of the mortgage, forgiveness of payment defaults and bank fees, reducing the principal balance, or any combination of these.
Call today to inquire 888-300-2941
A Loan Modification is NOT a refinance!
A change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.
Options
Please visit our Services section to see all the products and services we offer at Americas Loss Mitigation Solutions Corp
There are several Loan Modification Options below are a few.
IndyMac Federal Bank Loan Modification Program
Federal Housing Finance Agency
Home Affordable Mortgage Program (HAMP) "the Obama Plan"
(FHA) Affordable Modification Program
Lenders Internal Modification Program
Contact us for details on which one Is right for you!!!
888-300-2941
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