Loan Modification Pros: Loan Modification Castle Rock, Silverlake, Toledo, Washington

Loan Modification Castle Rock, Silverlake, Toledo, Washington

 

Castle Rock, Silverlake, and Toledo, Washington homeowners facing foreclosure, or other mortgage troubles, can now pre-qualify for the Obama Federal loan modification plan, explore all your options, including a home loan modification, and learn how to calculate your debt ratio yourself.

A successful loan modification begins with sound preparation and a good understanding how to apply, and could very well be the difference between getting approved or turned down.

The key is to know the requirements for qualifying for the plan, and the best chance to get approval begins with the knowledge of the loan modification process and how to prepare the proper paperwork.  All homeowners should immediately explore all your options to avoid foreclosure, and save your home.

 

 

Loan Modification Castle Rock, Silverlake, Toledo, Washington

Castle Rock, Silverlake, and Toledo, Washington homeowners have been forced to watch the value of their homes dwindle to less than what they owe on their mortgage loan.  Adding to the problem, the average income has shrunk away to make mortgage payments impossible to afford for millions of borrowers.  Interest rates are exploding because of adjustable rates jumping up to high fixed rates, and home values continue to plummet, making refinancing no longer an option for most homeowners.  Distressed homeowners are desperately looking to avoid foreclosure and save their homes with a loan modification.

Right now, the majority of Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification. Under the HAMP program, a homeowner’s mortgage payment cannot exceed 31% of their gross income.  Due to the fact that most home loans exceed 31%, the vast majority of borrowers are technically eligible for HAMP assistance.

Homeowners can immediately determine what your current mortgage debt-to-income is and how much your monthly payment may be reduced if you qualify for Obama's Loan Modification Program.

A Loan Modification: 

  • Lowers the homeowner's monthly payments;
  • Lowers the loan's interest rate;
  • Swaps a rising adjustable rate for an affordable fixed rate;
  • Reduces the principle balance of the property;
  • Corrects payment delinquencies and defaults;
  • Adjusts the length of the loan terms

As a result, Loan modification has captured the attention of thousands of Washington homeowners looking to save their homes from foreclosure.  Unfortunately, many borrowers who gave up and let their homes go into foreclosure are now regretting it.

Homeowners are eagerly looking to avoid foreclosure with the help of a modified home loan.  A home loan modification allows you to lower your monthly payments, lower your interest, lower your principal, adjust the term of the loan, or any combination of these.  Your home is the greatest financial commitment you are going to make in your life, and acquiring secure and successful mortgage mitigation.

Eligible Castle Rock, Silverlake, and Toledo, WA borrowers suffering through financial hardships like credit card debts, loss in income, unemployment, a bad mortgage, or other financial circumstances, can get approved for a 4% mortgage refinancing and modification plan under President Obama’s “Making Home Affordable” plan. 

Lowered interest rates can prevent you from being foreclosed on, help those in the foreclosure process, and prevent mortgage defaults by saving hundreds of dollars per month on your home loan payments.  

Castle Rock, Silverlake, and Toledo, Washington homeowners will be able to save millions by getting a home loan modification or mortgage refinance using President Obama’s “Making Home Affordable” plan.  Even borrowers who have been denied a refinancing or loan modify in the past have been having success with Obama’s mortgage refinance bailout plan.

 

 

Comment balloon 0 commentsRateswire.com Rateswire.com • October 29 2009 04:46PM

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