San Jose, Gilroy, Milpitas A+ BBB Mortgage Loan Modification Company | Santa Clara

Mortgage and Lending with Homestart Inc

For A+ BBB Santa Clara Mortgage Loan Modification Services CLICK HERE

California had the largest total number of foreclosures in the country in 2009, with over 600,000! In December, 1 in every 213 homes in San Jose received a foreclosure filing, according to RealtyTrac. 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 over a law firm?

There are a number of reasons to choose a loan modification specialist like HomeStart over a law firm.  The cost is usually much higher with a law firm. Law firms typically do not offer fixed rates for home loan modifications. They often charge hourly, which can lead to prices 2 to 3 times higher than those of loan modification specialists. Lawyers charging hourly will want to maximize their profit, which means the loan modification process will not only be more costly, but take more of your time. Law firms also do not uphold the same standard of customer service as HomeStart does, knowing that they are a last resort. If you want to save money, time and experience better service, HomeStart 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



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
California Santa Clara County
foreclosure help
mortgage loan modification
santa clara loan modification
santa clara foreclosure stop

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


JP Ramirez

Ask me a question
Spam prevention