Stop Foreclosure. Avoid Losing Your Home. Modify Your Loan
To qualify for a loan modification you must prove there has been a legitimate hardship which caused you to fall behind on mortgage payments. Modification of your existing loan occurs when the interest rate on your loan is lowered so that your monthly payment is reduced. The principal balance on the loan may also be reduced in a successful loan modification. This is a particularly effective strategy for homeowners who live in areas where the housing prices have fallen dramatically over the past few years.
For homeowners who are “upside down” in their mortgage (where the loan balance is greater than the value of the home) a loan modification is one of the best ways to avoid foreclosure and keep your home.
So how do you know if you’ll qualify for a loan modification to stop foreclosure? SaveMeFromForeclosure.com has professionals who can walk you thru the qualification process and help you submit your information to your lender for a loan modification.
We have loan modification specialists ready to help you avoid foreclosure and keep your home.
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For more information on Loan Modifications please see our informational articles: