United Financial Consultants LLC
Bankruptcy Credit Repair, Credit Repair Debt, Eliminate Credit Card Debt, Debt Settlement Negotiation, Credit Card Debt Settlement, Credit Debt Help
 
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Call us toll free for help with these debt solutions:
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Did you know?
The OCC required many creditors to double credit card minimum payments! If you have a Bank of America, Discover, Citibank, MBNA, Chase or any other major credit card, prepare yourself now.
 
 
 
 
Loan Modification

Debt Settlement Firms, Debt Reduction Services, Debt Settlement Services, Credit Card Debt Reduction, Debt Negotiation, Debt Consolidation Credit ServicesA Loan Modification is a permanent change in one or more of the terms of a loan allowing the loan to be reinstated resulting in a lower payment that the borrower can afford. In most cases a homeowner in need for mortgage help will indeed qualify for a loan modification. See if you Qualify - Apply Now.

To ensure that you understand what a loan modification will actually do for you, consider the following facts:

 
A loan modification is indicated when the original loan that is secured by a residence has terms that make it impossible for the homeowner to continue making the payments, thus risking the loss of the residence.
   
Loan modifications are not the same as debt consolidations, refinancing loans, or even forbearances. Instead, they are long term solutions for rising interest rates or other hardships that are threatening to overwhelm the budget of a homeowner.
   
Loan modifications stop foreclosure proceedings and instead reinstate the loans as they are being modified.
 
There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications.
 
All or portion of the outstanding principal and interest, past due escrow, late fees, and even costs may be rolled into the loan modification and thus will not be lost revenue to the lender. Since they are spread over a long period of time, they do not pose a problem to the borrower.
   
Modified mortgages may use a step rate approach or an extended term methodology to provide for the repayment of the due and past due funds. The lower payments ensure the repayment by the borrower while to the lender the added time is actually money in the bank in terms of yet to be earned interest due.
   
A modified loan protects the credit rating of a borrower and it also helps lenders in showing less defaulting loans in their portfolio. This of course makes a good impression when the financial institution is wooing potential investors.
 
If you think you qualify, Act Now!
 
Here are the requirements you must meet in order to be considered a good candidate for a loan modification process to be started on your behalf:
 
Your monthly mortgage must be affected by a verifiable reduction in income.
   
It is required that you are currently employed or have another source of a stable and predictable monthly income that is provable.
   
The home for which you are seeking to obtain a loan modification must be your primary residence.
 
 
 
 
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Your Debt Relief Options
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Do you have accounts in COLLECTIONS or are you just running late? Debt Settlement may be the solutions for you.
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Credit Counseling is NOT factored into your FICO® score!
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