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If you are facing financial difficulty, which has caused you or might cause you to get behind in your monthly mortgage payments, there is a way to save your home and it is called "Loan Modification".
Depending in your financial situation and the kind of mortgage you have, it can be modified if the Lender accepts one or more of the loan modifications set forth below:
- Change adjustable interest rate to a fixed interest rate
- Reduce fixed interest rate to a lower fixed interest rate
- Reduce balance of the principal amount of the loan
- Reduce adjustable interest rate/ reduce CAPS of adjustable interest rate
- Stop upward adjustment of adjustable interest rate
- Arrange for the delinquent payment amounts to be added to the end of the loan
- Arrange for the delinquent payment amounts to be added to a longer loan period
- Arrange for the delinquent payment amounts to be accepted in an alternative payment plan
- Eliminate or reduce the delinquent payments amounts
- Arrange for the lender to accept a discounted pay-off or forbearance
Call us at (714) 835-7126 or e-mail us at info@communityrealestate.us.com and we will explain according to your financial situation what would be feasible and how we can help you in modifying your loan.
