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Loan Modification-HAMP - Home Affordable Modification Program

By
Real Estate Agent with Munson Realty Southern California Real Estate

Loan Modification-HAMP - Home Affordable Modification Program loan modification

If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.

The pressures of job loss, increasing interest rates and the decline in property values have many homeowners on edge. Often homeowners faced with distress fall prey to companies charging exorbitant fees to modify their loan, often with no or undesirable results.

You do NOT need to hire anyone to modify your loan. By following the steps below, you can personally get your lender to agree to work with you to create an affordable loan payment. They'll either reduce your mortgage payment or interest rate, which can lower the risk of foreclosure.
Do not pay a high fee to outside companies and lawyers. If you are having challenges paying your home loan, have an adjustable rate or your simply upside down on the value of your home, it is possible to renegotiate your loan terms on your own.

In this practical guide, Fighting Foreclosure, I’ll help you get FREE assistance with your loan modification from state certified HUD counselors and I’ll provide step-by-step instructions for modifying your home loan.

Am I eligible for a Home Affordable Modification? Take our questionnaire to find out!

Copyright © 2012 By Stephen Munson-Munson Realty, Los Angeles short sale agents|Loan Modification-HAMP - Home Affordable Modification Program

Comments (7)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Pasadena....good advice as many people need just this exact advice.  Good of you to get it out there!

Feb 20, 2012 10:54 AM
Lehel Szucs
All Seasons Real Estate, Inc. - Covina, CA
REALTOR of choice

glad you are sharing some good informaton for consumers ... they re so confused .... would you forward me a copy of your book?

Feb 20, 2012 11:16 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Congratulations on your book, Stephen. That's really one good way to share your knowledge and expertise as Pasadena Short Sale Agent to a lot of audience and readers. We wish you more success and the best of luck. Cheers!

Feb 21, 2012 11:41 AM
Kim & Kristine Halverson
Sotheby's & Knipe ERA - Bend, OR
Sisters, Realtors

Excellent choice of blog Stephen .This is really helpful for all the readers.Great advice.You're definitely one keeper for Pasadena Short Sale Agent. 

Apr 09, 2012 01:57 AM
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Another excellent advice here Stephen,this is what all the consumers need.Definitely the Best Pasadena Short Sale Agent can think of this. 

Apr 20, 2012 03:01 AM
Jayne Clement
Keller Williams Realty - Los Feliz, CA
Los Angeles Short Sale Agents

Stephen,Big Congratulation on your book.This is a great way in sharing your experience and your knowledge.Good job on this.Your expertise as Pasadena Short Sale Agent really shows on your work.Wishing you for more success!

May 10, 2012 12:18 AM
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Stephen,just dropping by to say good job on sharing some good information to everyone.Continue being the best Pasadena Short Sale Agent.

May 10, 2012 02:41 AM