If you are trying to get your loan modified and are looking for good loan modification companies, you came to the right place.
There are literally hundreds of companies across the country claiming that they know how to get your loan modified for a fee. Does this work? Yes! Are there scams out there? Yes!
You really need to do your research before you choose a company to negotiate with you. Many laws and regulations are going into place these days and with that there are many companies that will perform a loan modification without charging upfront fees. This is a great way to get your mortgage payments lowered without risking your hard earned money. And we all know that money is hard to come by these days.
An expert in getting loan modifications will help you out in the long run for sure. You will benefit from their experience by getting the best modification possible. For example, a good company will know the exact guidelines that you need to meet with your specific lender.
Then can then take a look at your financial statements and make sure you are within those guidelines. Once an offer is in place, they will be able to tell if it is a good mod or not. They can then accept the offer of keep negotiating for a better one.
It is not uncommon with higher mortgages to save over a thousand dollars a month or more. If a company charges you $1995, you will in effect recoup that money in a couple months and then you can enjoy your lower payments and continue to live in your home.
Which brings me to another point worth mentioning. A good company will also tell you the truth. Not every person is a good candidate for a loan modification, so not every homeowner will get approved.
If this is the case, a short sale will probably be the best option. This will help your credit tremendously versus a foreclosure on your record for 7 years.
Contact GMSI: genmodsol.org
(ArticlesBase ID #1239683)
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