Loan Modification Help Is Now Available To Struggling Homeowners
Florida — Homeowners who are trapped in a high payment mortgage or facing the possibility of foreclosure can now explore a loan modification to save their property.
A national website has been established www.usmortgagerelief.org to educate homeowners on the many options available (including HAMP, HARP, HOPE & NACA). Homeowners can be qualified free of charge by one of the many counselors to determine which program will best help their individual situation.
A loan modification is a restructuring of the original loan. Usually the rate and terms are renegotiated more favorably for the borrower. Once completed, homeowners are likely to see a decline in their mortgage payment by as much as 50%. Additionally, borrowers who are past due or facing foreclosure can benefit from a modification, as the lender will usually bring the mortgage current at the completion of the program.
Unlike traditional refinancing, many of the programs do not consider poor credit or lack of home equity as a negative factor. As a result many will have the opportunity to not only lower their monthly payments, but possibly stop any foreclosure actions as well.
www.usmortgagerelief.org is the most respected and established nationally recognized network of modification professionals and lawyers that are here to help struggling homeowners.
For more information call 888-563-6060
- Contact Information
- Pete Parente
- Director Of Marketing
- US Mortgage Relief
- Contact via E-mail
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