I first talked to a Loan Modification Attorney, but he wanted a $3,500 upfront fee. If I was having trouble with my mortgage, how could I afford that? GetModificationHelp.com helped me accomplish the same thing on my own without such a ridiculous fee.
Marian Marquez, AZ
What is loan modification anyway?
A loan modification changes one or more of the terms of your existing loan in order to make it affordable to you. A loan modification is not a refinance or new loan and fees are not charged. In today’s economy and housing market a modification is generally the best solution for many reasons, including:
- Can significantly lower your current interest rate
- Saves you hundreds to thousands of dollars per month
- Avoids foreclosure and keeps you in your home
- Does not harm your credit rating
- Is available to those with no equity in their homes
- Is available to people with hardships such as job loss and decreased income
| Example Savings: $300,000 / 30-Year Loan | |||||||
|---|---|---|---|---|---|---|---|
| Current Rate | New Rate | Monthly Savings | Annual Savings | ||||
| 9% | 4% | $981.62 | $11,779.44 | ||||
| 8% | 4% | $769.04 | $9,228.48 | ||||
| 7% | 4% | $563.66 | $6,763.92 | ||||
| 6% | 4% | $366.40 | $4,396.80 | ||||
The US Government has mandated that banks participate in loan modification programs. Don’t miss out on your opportunity!
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Glossary
Modification: when a lender agrees to modify the terms of a mortgage without refinancing the loan.