Loan Modification. American Home Rescue Services consists of highly experienced attorneys who have helped many people in your situation. Loan Modification- This term has been getting a lot of attention lately and rightfully so. With millions of homeowners stuck in toxic adjustable rate mortgages and no way to refinance out of them, loan modification may be the only way to assist struggling home owners. This term is used when your lender modifies your current mortgage (keeping the same loan you have, only changes are made to the note) in order to work with you and make your mortgage more affordable. A loan modification will change one or more of the following: your interest rate, loan balance, delinquent fees owed and term of loan. In the past, this was only used when a borrower was delinquent but now we see it being used before someone is delinquent. This is one of the best methods to help people avoid foreclosure. What can loan modification can do for you? - Avoid Bankruptcy
- Reduce your monthly payments
- Change your loan without refinancing
- Bring your late mortgage payments current
- Stop foreclosure
These are just a few of the many ways we can help you and your family. We can give you a fresh start! |