WHAT IS A LOAN MODIFICATION?
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford (Definition taken from the U.S. Department of Housing and Urban Development).
HOW MUCH WILL I SAVE WITH A LOAN MODIFICATION?
This all depends on the nature of your loan and on how far behind you are. Typically, customers save an average of 30% off their monthly payments once the modification has gone through. More importantly, a call to WEFIXMORTGAGES.COM to modify your loan can help stave off foreclosure and keep you in your home.
WHICH LOANS CAN BE MODIFIED?
Just about any loan can be modified. Whether you have a fixed rate, adjustable, HELOC, FHA, VA, Fannie Mae or Freddie Mac loan, give us a call and let us assist you.
CAN I MODIFY MY LOAN MYSELF?
If you are like most people, you would probably be more comfortable having a professional act as an advocate on your behalf. A regular person could do their taxes by themselves, but many would prefer to have an accountant do it for them to maximize their returns. WeFixMortgages.com renegotiates the terms of your loan more efficiently that you might be able to do it on your own. Our staff has the proper training and professional contacts to best represent you when negotiating the lowest possible rate.
WHY WILL THE BANK AGREE TO MY LOAN MODIFICATION?
It is in the bank’s best interest to keep you in your home making your payments. Banks are not in the real estate business, and would prefer to not have to foreclose on your home.
I’VE ALREADY TRIED NEGOTIATING ON MY OWN WITHOUT MUCH SUCCESS. WHAT MORE CAN YOU DO?
Unless you are a seasoned loan negotiator, you probably have fared into some unfamiliar waters while negotiating your own loan. Allow our team of specialists to argue on your behalf. We know what steps need to be taken, and we know the language the banks speak. Let us use our knowledge to your advantage.
WHAT IS PREDATORY LENDING?
During the mortgage boom, many mortgage companies were in the business of predatory lending. This type of lending encompasses many of the immoral, unethical, and often times illegal business practices used to trick innocent borrowers into mortgages they could not afford. These practices have crippled the mortgage industry and have contributed a great deal to the current economic crisis. At WeFixMortgages.com, we will review the terms of your loan and offer you a solution.
WHAT IS A SHORT SALE?
A short sale is when a lender agrees to accept less money than what is owed so that the property may be sold to a third party.
IS IT TOO LATE TO SAVE MY HOME?
Whether you are current, delinquent, in default or even in active foreclosure, it is probably not too late. Act quickly by calling one of our professionals to receive the proper advice.
I’M CURRENTLY IN BANKRUPTCY. CAN YOU HELP?
You may have to wait until your bankruptcy proceedings have concluded, but a call to WeFixMortgages.com will make sure that you have the correct approach as soon as it is over.
WHAT’S THE BEST WAY FOR ME TO STOP FORECLOSURE?
Call WeFixMortgages.com immediately for a free consultation. We will help you weigh your options to determine which route you wish to take.
HOW LONG DOES FORECLOSURE TAKE?
Typically, foreclosures can take place after 90 days of delinquency.
WHAT DO I DO WITH ALL THE MAIL FROM MY LENDER?
Make sure to open all mail from your lender. Not only will it let you know where you stand with your debts, but it will also assist our trained staff in better determining how to treat your unique financial situation.
HOW MUCH DOES IT COST?
Every case is different, but WeFixMortgages.com is the only Loan Modification Company using a verifiable and reliable third party ESCROW service ESCROW.COM to protect home owners from fraud! Your deposit will be transferred to us upon completion of your modification. Call WeFixMortgages.com today to determine what our services would cost to get you through this difficult financial time.
WHAT EXACTLY DOES WEFIXMORTGAGES.COM DO FOR ME?
WE WORK FOR YOU! Our free phone consultation will help us determine the best plan of action for your unique situation. We then collect the necessary paperwork to negotiate on your behalf with your lender. Upon the lender’s approval your modification is complete!
I HEARD THE GOVERNMENT WAS PROVIDING A FINANCIAL INCENTIVE TO BORROWERS. IS THAT TRUE?
Yes. Borrowers who make timely payments on their modified loans will receive success incentives. The incentive will be applied directly to your loan balance annually and over five years the total principal reduction could add up to $5,000. This contribution by the Treasury will help you build equity faster.
WHAT IS THE FIRST THING I SHOULD DO?
Call WeFixMortgages.com today at 877.943.4684