Loan Modifications Are Helping Americans Save Their Homes
July 21 2010- FloridaŚNew loan modification guidelines and programs have been expanded to help a larger segment of struggling homeowners who were not previously eligible for help before. In the past, only borrowers who were delinquent or in foreclosure were given special consideration to have their mortgage restructured. This restructuring resulted in a reduced mortgage payment. Recent changes are now allowing many homeowners who not in foreclosure or even past due to qualify for help.
Borrowers who meet the minimum requirements to qualify can expect several benefits upon completion. The most notable benefit that homeowners are reporting is a reduction in monthly mortgage payments. In some cases as much as a 40% decline. Additionally, past due payments and pending foreclosures are eliminated. Homeowners do not have to be past due or behind with their payments in order to take advantage of these restructuring programs
www.usmortgagerelief.org is a national website that has been setup to help homeowners determine if they are eligible for one of the many loan modification programs available. With the expansion of new programs and the elimination of the past due requirements, many more homeowners now have the opportunity to reduce their monthly payments permanently. Qualifying is simple and free.
For more information on the new loan modification programs available and to learn how to qualify, visit www.usmortgagerelief.org or call 888-563-6060
- Contact Information
- Pete Parente
- Marketing Director
- US Mortgage Relief
- Contact via E-mail
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