Many people struggle to afford their mortgage payments each month, falling behind little by little to ultimately face foreclosure. Whether you have suffered a serious loss of income, an illness, or if your mortgage interest rate has adjusted, sometimes it can become impossible to make timely payments. The threat of losing your home is intimidating, but mortgage modification options may be available to you.
A home loan modification can benefit you by restructuring your mortgage to fit your financial situation. Our main goal is to help you keep your home; we will help you explore all your options, including loan modifications, home retention programs and even Chapter 13 bankruptcy. We want to help you find a way to restructure your home loan into a plan that works for you.
We will review your interest rate, loan term and principal balance to determine what loan modification options are feasible for you. The entire process can take anywhere from three to six months, however rest assured the loan modification is completed as quickly as possible with our firm.
We work with a number of lenders, and have an expert understanding of what can be done to improve the terms of your current home loan:
• Possible Interest Rate Reduction
• Possible Principal Reduction
• Possible Loan Term Extension
• Possible Recapitalization of Delinquent Mortgage Payments
• Possible Repayment plan of Delinquent Mortgage Payments
Our recommendation is that you get good counsel before making the decision to apply for a modification. We would be happy to hear your story and talk with you about the pros and cons of every option you have, so you can make the most informed decision possible. This consultation is free, with no further obligation.
Call (818) 783-1674 or contact us online to schedule a Free Consultation with Kevin Simon.