Do you currently have a high adjustable rate mortgage? Have you become one of the millions of Americans struggling to make their mortgage payment because their Adjustable rate Mortgage keeps going up. There is an answer! It's a mortgage loan modification.
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You might be thinking... I have bad credit, I am to far behind or I didn't know I could do this.
Having bad credit and being behind are the qualifications for a mortgage loan modification. So you are starting out good. Yes you can do this yourself! You do not have to pay someone to do this for you.
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Contact your mortgage company and ask to speak to someone in the loan modification department. Tell them that you are inquiring about a loan modification.
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Posted on May 19th, 2011
With the recent increase in home foreclosures, the federal government has taken steps to increase the availability of loan modifications for troubled homeowners. The downside of the government's help is that a number of fraudulent loan-modification companies and foreclosure rescue scams have appeared, causing consumers further financial hardship. If you're considering using a particular company's services, know what steps to take to ensure it is legitimate.
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Verify the company's credentials and accreditation, if any. You can contact your local Better Business Bureau, the Federal Trade Commission or the attorney general's office in your home state to see whether there are any consumer complaints on file online mortgage loans. These same agencies will be able to verify affiliations, licensing and memberships in professional organizations within the industry.
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Posted on April 1st, 2011