San Bernardino A+ BBB Mortgage Modification – Prevent Foreclosure | Ontario, Rancho Cucamonga, Rialto

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The declining housing market has left many Americans facing the possibility of losing their homes. California currently has one of the highest foreclosure rates in the country, with over one million foreclosure filings to date! In fact, California had the fourth highest foreclosure rate in the United States, with over 630,000 homes receiving a foreclosure filing in 2009, according to a year-end report by RealtyTrac.com. San Bernardino County is just one of the major areas being affected by our current housing crisis. If you are one of the many people to be affected, don’t hesitate to contact HomeStart to find out if you qualify for a loan modification.  Even if you are already behind on payments, it is not too late to act!

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 loan modification terms, allowing them to prevent foreclosure. The Homeowner Affordability and Stability Plan is a $75 billion plan, put into place by the Obama Administration in early 2009 in hopes of helping people avoid foreclosure through loan modifications. Obama’s plan requires major lenders and banks to participate in reducing monthly mortgage payments to less than 40% of the borrower’s gross monthly income. The resulting losses lenders and banks incur would then be refunded by Obama’s $75 billion HASP budget. HomeStart offers free consultation to determine if you qualify for a loan modification and will get the process started with no upfront fees.

HomeStart has been accredited by both the Better Business Bureau (BBB) and the California Department of Real Estate (DRE) to provide trusted and effective service. Given our tenure and attention to customer service, HOMEstart has been successful with close to 90% of submitted loan modification applications.  Contact HOMEstart at any time to discuss your financial hardship, we will listen and maintain the highest level of confidentiality. We have an entire team of experienced loan modification consultants who will help answer any questions you may have, regardless if you pursue a loan modification through HOMEStart. We are here to help; start new, not over.

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

Property in San Diego, CA
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