Home Loans

Home Loans

Reviewing Documents Before Submitting Your Loan Modification Application

Whether you utilize the services of a loan modification company or decide to apply for a loan modification on your own, you will have to get your documents reviewed thoroughly before actually submitting your application to your mortgage lender. This is the reason why many homeowners who cannot afford the huge upfront fees of a loan modification company feel they have no choice but to go with these consultants or attorneys as they are too scared of making a mistake in their documentation.

Posted in Home Loans |

Why Modifying Loan On Your Own Might Be Best Option

Since the Home Affordable Modification Program (HAMP) was introduced by the federal government in March of this year, struggling homeowners have been trying to get relief on their mortgage payment from their mortgage lender. HAMP was established in an effort to modify loans for homeowners who are behind on their mortgage or struggling to stay current on their payments.

Posted in Home Loans |

What Is A Hamp Loan Modification?

If you are one out of the millions of homeowners trying to get your loan modified, chances are you might have heard the term HAMP loan modification in the news recently. Now a lot of us already know what it means to get your home loan modified but what exactly is this new term that people are talking about and more importantly, how does it help you?

Posted in Debt Beat Down 2009!!, Home Loans |

Why Do So Many Loan Modification Applications Get Rejected?

Many homeowners who are currently trying to apply for a loan modification often wonder why banks or mortgage lenders take so much time to approve or reject an application. The biggest question of course is why any bank would completely reject a loan modification for a homeowner. Many people seem to think that since loan modifications are one of the best ways to stop a house from going into foreclosure, it would be a win-win situation for both the bank and the homeowner if the loans are modified.

Posted in Home Loans |