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

The year-end report from RealtyTrac.com shows that the United States had almost four million reported foreclosure filings in 2009! This is an increase of 21 percent from 2008, and 120 percent increase from 2007. 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 Apple Valley, Chino, and Adelanto being hit the hardest. If you are one of the many people to be affected by the housing crisis, don’t hesitate to contact HomeStart to find out if you qualify for a loan modification.

A loan modification is a change in one or more of the terms in your loan. This could mean a lower interest rate, lower monthly mortgage payments, and a lower principal balance.  The purpose is to allow the borrower to meet the new terms of the loan, in hopes of avoiding foreclosure. With the current declining home prices and competitive real estate environment it’s become even more difficult to re-sell your home after foreclosure. Lenders would prefer any solution where they can receive some payment. Therefore, the cost of foreclosure is actually more expensive to the lender than the cost of new loan modification terms, making a loan modification beneficial for everyone involved.

Why choose HomeStart over a law firm?

There are a number of reasons to choose a loan modification specialist like HomeStart over a law firm.  The cost is usually much higher with a law firm. Law firms typically do not offer fixed rates for home loan modifications. They often charge hourly, which can lead to prices 2 to 3 times higher than those of loan modification specialists. Lawyers charging hourly will want to maximize their profit, which means the loan modification process will not only be more costly, but take more of your time. Law firms also do not uphold the same standard of customer service as HomeStart does. If you want to save money, time and experience better service, HomeStart is here to help.

HOMEstart is an A+ BBB rated mortgage loan modification company based out of San Diego, CA.  This A+ rating reflects that HOMEstart has established personal relationships with the largest mortgage lenders to expedite the loan modification process. BBB’s accreditation represents the BBB’s degree of confidence that the business is operating in a trustworthy manner and will make an exceptional effort to provide the contracted services, while also providing a high degree of customer service. If you are unsure if you qualify for a loan modification or simply would like more information about the loan modification process, don’t hesitate to visit our website or call HomeStart for a free consultation.

For more information please visit www.YourHomestart.com

For A+ BBB San Diego Mortgage Loan Modification Services CLICK HERE

The year-end report from RealtyTrac.com shows that 2009 had a substantial increase of new foreclosures from 2008 and a 120 percent increase from 2007. This means that there were almost four million reported foreclosure filings in 2009! California had the fourth highest foreclosure rate in the United States, with over 630,000 homes receiving a foreclosure filing in 2009. San Diego County is just one of the major cities affected by the current slump in the economy, with the city of San Diego reporting 2,435 new foreclosure filings in December of 2009. Spring Valley, Carlsbad, and La Mesa also had large numbers of new foreclosures last year. If you are one of the many people to be affected by the housing crisis, don’t hesitate to contact HomeStart to find out if you qualify for a loan modification.

A loan modification is a change in one or more of the terms of your loan in order to make payments more affordable and ultimately keep you in your home. Loan modifications were originally reserved for those whose mortgages became delinquent due to job loss, divorce or illness, but today this option has expanded to include anyone suffering from high adjustable rate mortgages. If you are struggling to afford your mortgage payments, but have a tremendous interest in saving your home from foreclosure, go to www.YourHomestart.com to learn more about the loan modification process.

HOMEstart is licensed by the California Department of Real Estate (DRE) to provide turnkey, loan modification services. Loan modification is a multi-step process involving Intake Processing, Underwriting, Bank Submission, Negotiations, Approvals and Contract Review. We are the only DRE Licensed, A+ BBB rated business in California because no other company can offer you A-to-Z service. Customers must be careful working with non-accredited and unlicensed loan modification companies because they are not providing legitimate services.

HOMEstart was rated an A+ mortgage loan modification company by the Better Business Bureau (BBB) and is ready to negotiate your mortgage loan modification.  The A+ rating HomeStart received reflects that the business has established personal relationships with the largest mortgage lenders to expedite the loan modification process. It also represents the BBB’s degree of confidence that the business is operating in a trustworthy manner and will make an exceptional effort to provide the contracted services, while also providing a high degree of customer service.

For more information please visit www.YourHomestart.com

For A+ BBB San Diego Mortgage Loan Modification Services CLICK HERE

The year-end report from RealtyTrac.com shows that 2009 had a substantial increase of new foreclosures from 2008, and a 120 percent increase from 2007. This means that there were almost four million reported foreclosure filings in 2009! California had the fourth highest foreclosure rate in the United States, with over 630,000 homes receiving a foreclosure filing in 2009. San Diego County is one of the areas to be hit the hardest, with the city of San Diego reporting 2,435 new foreclosure filings in December of 2009. If you are one of the many people to be affected by the housing crisis, don’t hesitate to contact HomeStart to find out if you qualify for a loan modification.

A loan modification is a change in one or more of the terms in your loan. This could mean a lower interest rate, lower monthly mortgage payments, and a lower principal balance.  The purpose is to allow the borrower to meet the new terms of the loan, in hopes of avoiding foreclosure. With the current declining home prices and competitive real estate environment it’s become even more difficult to re-sell your home after foreclosure. Lenders would prefer any solution where they can receive some payment. Therefore, the cost of foreclosure is actually more expensive to the lender than the cost of new loan modification terms, making a loan modification beneficial for everyone involved.

HomeStart offers nationwide residential, investment and commercial property loan modifications, and can also provide foreclosure prevention information and pre-foreclosure consultation. HomeStart is the only business in California with an A+ rating from the Better Business Bureau 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. The A+ score that HomeStart received represents the BBB’s degree of confidence that the business is operating in a trustworthy manner and will provide excellent contracted services, while also providing a high degree of customer service. If you are unsure if you qualify for a loan modification or simply would like more information about the loan modification process, don’t hesitate to visit our website or call HomeStart for a free consultation.

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

If you are considering the option of mortgage loan modification seriously, you can either hire a company that has expertise in it, or do it yourself. Before starting the process, there are important steps to be taken so that you can prevent mistakes.

Collect Some Information Before You Contact Your Lender

You should collect all the information that is useful for getting a loan modification. Collection of information and being meticulous makes the whole process smoother. If needed, purchase a comprehensive guide, which will provide latest information on the same. You only get one chance to present yourself to the lender, if you miss it, you cannot apply again. So, before applying, gather more information about the lender. You should collect all the documents, which are necessary for a loan modification. You will need all the closing statements and loan documents to start with. For identification, you will need a copy each, of your driving license and social security card. Documents related to your income and expenses like your pay stubs for the last 6 months and tax returns should be kept ready. Auto payments, student’s loans, credit cards etc, and all other recurring bills should be available on time. Don’t forget to include proof of change of employment, which has played a major role in your financial instability. If needed, include your health and marriage status also.

The whole idea of keeping these documents handy is to provide accurate information to the lender when needed so that the whole loan modification process goes on smoothly. Before you talk to a lender, be sure of what you need and where you stand. If you are still confused, contact a local credit counselor.

After all the documents are ready, talk to your lender and this might be the turning point in your loan modification. You have to convince the decision maker that you are really in need of a modification. This might be tough for you, so be prepared if it takes some time. Be patient and act with the lender very smartly.

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