Agent Page
My Posts/Listings
What is Loan Modification and how to qualify?
Have you been hearing a lot about loan modifications? Do you know what a loan modification is? Is loan modification for you? How can you avail of loan modification? A Loan Modification is a way to renegotiate your current mortgage with the ultimate goal of placing you into a fixed rate mortgage or reducing your interest rate or monthly payment. In other words, many aspects of your mortgage can be... [Read more]
Why Refinance When You Can Modify?
If ever you’re in a situation where you have to choose between refinancing your existing loan and modifying it, the decision would take course upon getting the feel of the current trend that’s going on. You need to know about the facts in a way that is more understandable. At this point it would be much easier if we compare and contrast: What is Refinancing? Refinancing is the refunding or restructuring... [Read more]
What Lenders are Looking for to Grant a Loan Modification
As much as possible, banks do not want to foreclose on a homeowner. They would rather grant loan modification on an existing homeowner’s loan rather than foreclose the property. But this doesn’t mean that bank readily grant loan modifications to all those who are requesting for it. There are guidelines with which to adhere and the borrower should be able to comply with it. To get a modification,... [Read more]
How to Avoid Loan Modification Scams
The idea of losing a house to foreclosure is painful enough to accept. What more if with that thought is the reality that what you believe might help you, actually will just add an insult to the injury that you have. A lot of predators are out there preying on the innocent and especially those who are in dire need of immediate assistance. These are the loan modification companies who on the outside... [Read more]
Hardship Letter
The hardship letter is an explanation of why a homeowner is delinquent on their mortgage payment, and explaining how certain event or series of events affected their financial situation. This is one of the prerequisite by lending companies in order for them to clarify the situation of a homeowner’s loan modification proposal. Creating a well written hardship letter would be very helpful for a... [Read more]
