How
much can you save with a
Loan Modification?
When multiple lenders come together, you win. We've brought the nations top, most competitive lenders together under our FindMyLoanModification banner and they are all ready to help you save. With multiple sources for your loan modification, you'll have the lenders competing with each other all attempting to offer you the lowest rate. Your job is simple: Select the lowest rate with the best terms, save on your payments, and stay in your home.
A loan modification is a chance for the lender to adjust or modify the
terms of your current mortgage in an effort to work with you due to some
financial changes or difficulties. The idea is to make your loan more affordable
and the payments easier for you to make. Oftentimes your rate may be reduced
or it may be fixed to a lower rate for a period of time.
Historically, these loan modifications were only utilized if the borrower was siginificantly behind on payments or had suffered some financial turmoil like losing a job, illness or divorce. But nowadays, you can obtain get help from a lender and change the unaffordable rate to something more within your budget. The sooner you get started, the more likely you'll be able to negotiate a more affordable fixed rate and a monthly payment that won't leave you in the red.
If your loan is what you can't afford, and not your house, a loan modification might be right for you! Find out just how much money we can save you!
Loan Modification in the News
"We're
never going to be able to process the number of workouts and modifications
that are going to be necessary doing it just sort of one-off, I've
talked to enough people now to know there's no way that's going to
work."
Henry Paulson
US Treasury Secretary
“Lenders
should extend ‘teaser’ rates on all subprime adjustable-rate mortgages
if the borrowers haven't missed any payments and they live in the homes.
Modifying loans on a case-by-case basis and fixing rates for limited
periods won't avert enough foreclosures.”
Sheila Bair
Chairmain of the FDIC
“With
this type of cooperation from loan servicers, we can save tens of thousands
of people from being added to the foreclosure lists. This common-sense
approach does not involve a government subsidy or bailout."
Governor Schwarzenegger
The State of California
Compare Rates and Find the Best!
“I was having a difficult time making ends meet with my current mortgage rate... You guys helped me find a much better rate!”
Claire
Omaha, NE
“Once our adjustable rate started steadily increasing month after
month, we weren’t sure we’d be able to stay in our home... Thanks Find
My Loan Modification!"
Elizabeth
San Mateo, CA
“With so much financial turmoil, I didn’t think any lender would be
willing to help me... But you got me with lenders willing to help my
with rates!”
Steven
Bethesda, MD
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