Despite A Drop In Home Values, Applications For Loan Modifications Remain Strong
Florida August 10th 2010óRecent reports suggest that home prices are continuing to decline in 2010 as a result of the still weak economy. Many homeowners are finding it difficult to refinance their mortgage, allowing for lower monthly payments. Making this increasing frustrating is the fact that interest rates are near record lows.
As an alternative, many homeowners are now exploring other options. One such option is a loan modification. This is a simple refinance alternative which lets current homeowners take advantage of the historically low rates without the struggle and hassle required under a refinance.
A national website www.usmortgagerelief.org has been set up to assist homeowners in determining their eligibility for one of the many loan modification programs available. Qualifying is fast, simple and free.
Previously, homeowners looking to lower their monthly payments would apply for a refinance. The old loan would be replaced with a new, lower rate mortgage. However, declining property values and stricter credit guidelines have prevented many from taking advantage of the lower rates.
Qualifying for a loan modification is completely unique because credit, income and home equity are generally not considered negative factors. US Mortgage Relief has helped many homeowners cut their monthly payment significantly, regardless of their current mortgage history (even if facing a foreclosure)
For more information on various loan modification programs available, please 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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