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New Loan Modification Applications Are Showing Strong Demand


Florida - Applications for loan modifications continue to increase at a rapid pace due to the arrival of many new programs. Homeowners who are finding themselves trapped in a high rate, high payment mortgage now have new options available to them.

Previously, refinancing was the only solution for homeowners looking to reduce their interest rate and monthly payment. However, new loan modification programs are helping when qualifying for a refinance becomes impossible. A national website has been setup to help homeowners determine if they are eligible for any of the new programs available.

Many of the factors that have disqualified homeowners from qualifying for a refinance (poor credit or no home equity) are not considered factors when applying for a loan modification. These new relaxed guidelines have made a significant impact in the amount of homeowners who are now eligible for help.

Additionally, borrowers who are in default or facing foreclosure can benefit as well because these programs are also designed to bring the existing mortgage back to a current status again.

Upon completion of the modification, many homeowners are reporting payment reductions of up to 35% or more. To find out more information and/or determine your eligibility for any of the new programs available, visit or call 888-563-6060. Qualification is completely free.


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