affordable mortgage

Loan Modification Hub
6 out of 10 Homeowners Could Save Their Home

Obama stimulus package

Do You Know If You Qualify for a Stimulus?

On March 4 the Rules Changed . Now 6 out of 10 Homeowners will be able to save their home from foreclosure by changing the terms of their mortgage:

• Homeowners that lived in their primary residence
• Those that have an increment in their mortgage payment ( ARM or High Fixed Rate)
• Involuntary Reduction of Income
• Mortgages issued before January 1, 2009

Those that qualify will get :

• New lower interest rate
• New longer payment period ( Up to 40 years)
• New lower principal balance (depending on negotiation)

  
DON'T MISS THE OPPORTUNITY TO SAVE YOUR HOME  
 
ACT NOW - PROGRAM EXPIRE SOON!

Loan Modification

* Lower your Mortgage Payment
* Put late payments back into the loan
* Lower Interest Rate
* Change ARM to Fixed Rate
* Extend Terms to 30 to 40 years
* Save your home from Foreclosure
Do You Qualify? -Ask Us
It's FREE !
Type of Mortgage:
Fannie Mae
Freddie Mac
Don't Know
Date of Mortgage:
Before Jan 1,2009
After Jan 1,2009
Owner Occupied Home:
Loan Amount:
Behind in payment?
I understand that you are NOT a Government Agency
citimortgage , countrywide, mortgage lenders
How to use this site
 
Fill out our form now to connect with Loan Modification specialists that may work with you to negotiate with your lender. Do it now. Time is running out!
Fill out our short form describing your current situation
We match you with loan modification specialists based on your situation
You review their proposals and decide what works best for you
Why Choose a Professional?
 

- Savings –Getting a Loan or Mortgage Modification is a long process. And even more if you are trying to get it under a government sponsor program. Because you have many options: government home programs ( loan modifications under the obama program and hope for homeowners ) , lender foreclosure programs and others there are many chances or errors. Also you can apply only to one program. You need to make sure that you apply to the one that is most convenient for your home foreclosure situation.

- An Advocate for You –a high percentage of homeowners lose their home due to the “bank’s own staff” mistakes. We speak the bank language. We know what is require for you to save your home from foreclosure. We will negotiate for you.

- Certainty – A knowledgeable professional will evaluate your situation and discover exactly which homeowners help program you qualify for. If you don’t qualify for a government program we won’t waste your time filing documents and waiting for the bank to reject you.
We will determine what is your best way to go and show you the options, but YOU will always be de decider!
In the News
 
"Record 1 in 10 homeowners in mortgage trouble" – MSNBC (December/08)

"U.S. homeowners are falling behind on their mortgages at increasing rates ..." – San Francisco Chronicle (April/09)

"While the federal government and banks say they're trying to help homeowners avoid foreclosure through various help lines and more, an ABC News investigation has found that the process ... can be disorganized and frustrating, hardly consumer friendly" – ABC News (January/09)

There are Ways to Avoid Foreclosure! We can help you find a solution.

Fill our short form now to connect with foreclosure prevention counselors who may help you out of your mortgage nightmare. We can connect you with specialists that could help you modify your loan.

What is Loan Modification?

Loan modification allows homeowners and lenders to change the terms of a loan in order to help the borrower stay in the home and avoid foreclosure. It is important to note that a loan modification is not a new mortgage. A loan modification is the renegotiation of an existing loan.

With a loan modification, it's possible that a homeowner's:
   
interest rate may be decreased
interest rate may be changed from an adjustable to a fixed rate
time the borrower has to pay the loan back can be lengthened
loan principal may be decreased
late fees may be waived
second mortgage could be waived or wiped off of the books
   
Fill out our form now to discuss a loan modification with experienced foreclosure prevention counselors. Do it today. You must act fast to save your home!

The government has created several programs to help homeowners in foreclosure or in risk of foreclosure. The government programs are:
* Hope for Homeowners
* Freeze Rate
* FHA Loan Modification
* FHA Secure
* Preject LifeLine
* Programa Esperanza para Propietarios
* Plan Obama or Home Affordable Modification Program ( HAMP)

Obama Foreclosure Plan - Obama Homeowners Plan ( HAMP)

The latest and most popular plan is the Home Affordable Modification Program ( HAMP) known as the Obama Foreclosure Plan. This plan will help homeowners providing them with:
* Affordable Refinance if they have equity in their homes and
* Affordable Loan Modification

Loan Modification under the Obama Plan is the program that fits more homeowners. The program is very generous but for a homeowner to get a loan under this program the lender and the homeowners have to agree to it.

The advantages of this Obama Plan for Foreclosures are:
1. You will get an affordable mortgage payment : maximum 31% of your income
2. You will get an incentive of $1,000 a year for 5 years to pay the principal

Before just loans own by Fannie Mae and Freddy Mac qualified but now , the program has expanded and more homeowners that are late in their payment, receive their foreclosure notice or whom already have a foreclosure date can qualify.

Please be collecting the following documentation. A Proffesional Loan Modification Officer will call you and need your information to compare it with the qualifications from the Obama Program ( Home Affordable Modification Program - HAMP).

* Detail Information about your monthly income ( gross or before taxes). This includes the income of everybody that lives in your home ( spouse, partner, children, etc).
* Your income tax return for 2008 or the most recent one
* Savings information
* Assets informations
* Information about your first mortgage (Monthly Mortgage Statement.)
* Information about any second mortgage or home equity line of credit on the house (Monthly Statement.)
* Account balances and minimum monthly payments due on all of your credit cards.
* Account balances and monthly payments on all your other debts such as student loans and car loans.

Those homeowners that do not qualify to the Obama Mortgage Plan because they are investors or own several homes have access to other program with lenders.
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Disclosures: ( NO SPAM ) All of your information, including your name and email address, will never be available to anyone for any reason unless permitted by our privacy policy. For more details view our privacy policy. *This website does not constitute an offer or solicitation to a program or an application to a loan modification or to a program. StopFreclosure.com is neither a lender nor any other banking or lending institution. We do not make loans, nor do we credit decisions, nor do we broker loans to lending institutions. We make no guarantees or warranties with regard to the availability of any particular program, nor whether any person qualifies or may qualify for a program. We do not endorse any particular loan modification source, loan modification provider or loan modification product.

StopFreclosure is not a government sponsored website. StopFreclosure matches you with companies that offer foreclosure prevention services. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. The probability of you achieving mortgage success varies according to your specific situation. We do not guarantee any results . We are nor affiliated with HOPE NOW, HUD or any other government agency or lender.