It's such an unfortunate circumstance in today's housing crisis and we all know of someone that is struggling to keep there home from getting foreclosed on. Have you had the chance to help them? Well, perhaps you can. The information I am about to share with you has a 95% success rate and very well could be the answer for THOUSANDS of home owners today! What is it you ask?
Simply put, a loan modification is when you or someone whom you have represent you, negotiates with your current lender to lower and forgive past dues to help make it more affordable for you to remain in the home and continue paying the mortgage. The home foreclosure process cost the banks thousands of dollars in court fees, and even more in interest payments if they can't sale the home. And let's face it, homes are not exactly selling like hot cakes these days.
So how does one qualify for a Loan Modification?
- Customers main objective is to remain in the home as there primary residence
- Hardship must have occurred since the origination of the mortgage loan. This includes change in interest rate from an ARM adjustment, one tome temporary reduction in pay due to injury/illness or change of employment.
- 60% Debt Ratio after loan modification completed.
If you or someone you know is in need of saving there house and they can't seem to afford the monthly mortgage payments, give me a call today to see how I may be able to help them out and save there home!
Fred D. Williams, Jr.
(559) 256-3645 Direct
(559) 577-2248 Cell