San Bernardino A+ BBB Mortgage Loan Modification Programs | Victorville, Fontana, Ontario

For A+ BBB San Bernardino Mortgage Loan Modification Help CLICK HERE

California currently has one of the highest foreclosure rates in the country, with over one million foreclosure filings to date! San Bernardino County is just one of the major areas being affected by our current housing crisis, with the cities of Victorville and Fontana being hit the hardest. What many people don’t realize is that it is not too late to get help. Even if you are already behind on payments, it is not too late to act!

The Homeowners Affordability and Stability Plan (HASP) is a $75 billion plan, put into place by the Obama Administration in early 2009 in hopes of modifying distressed mortgages, keeping borrowers in their homes. Obama’s plan requires major lenders and banks to participate in reducing monthly mortgage payments to less than 40% of the borrower’s gross monthly income. The resulting losses lenders and banks incur would be refunded by Obama’s $75 billion HASP budget. HASP was originally designed for responsible homeowners who have been seriously affected by the worsening economy and resulting increasing unemployment, however, with the rate of foreclosures becoming so high, almost any home owner with legitimate financial hardships (ie. divorce or separation, illness, unemployment, reduced pay, etc) can qualify for a mortgage loan modification.

A loan modification is a renegotiation of your current loan terms in order to make payments more affordable. HomeStart is an experienced loan modification company ready to help you during this difficult time. The Better Business Bureau (BBB) awarded HOMEstart as an A+ rated mortgage loan modification company. This A+ rating signifies the fact that HomeStart is operating in a trustworthy manner, and has never received a complaint from a customer. HomeStart is the only business in California with an A+ rating from the BBB in both loan modification and real estate loan modification. While the California DRE reported approximately 495,000 registered Real Estate and Mortgage Brokers in California in August 2009, only a mere 300 were licensed to perform mortgage loan modifications.

Here is one recent example of a loan modification performed by HomeStart:

Property in San Diego, CA
Total monthly savings of $1,132.38/month

• Primary Residence:
  Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of$2,445.30.
• Modified to:
  Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.

For more information please visit www.YourHomestart.com