Do You Still Want to Keep Your Property? I Can Help You Lower Your Payments
Call me at 971-222-3435
Your house is not just a property. It is your home, your most prized and necessary possession. It is always worthwhile the do as much as possible to preserve this important resource. If you want to keep your property, you should consider loan modification as a possible option.
What is a loan modification?
It is a re-structuring of the current loan such that the property owner can continue making payments because of mortgage payment reduction.
Property owner Benefits
Reduced monthly payments
Credit preservation
Avoid foreclosure ramifications
If up-to date in payment most likely credit will be minimally affected
If behind in payment, debt will read current once the modification is complete
Homeowner remains in property
Preserve neighborhood values
Lender / Servicer Benefits
Preserved neighborhood values
Prevent further foreclosures
Keep current loans as performing assets
Convert defaulted loans back into performing assets
Remain liquid and profitable
Remain able to originate more loans
Increase homeownership
Increase cash flow for landlords
Win-Win-Win
With loan modifications everybody benefits.
The property owner gets to affordably keep the property
The lenders stay in business
The real estate market remains healthy
Loan Modification Realistic Expectations
A typical loan modification reduces mortgage payments by 30% to 50%.
Example:
Current loan payment: $2700
Modified loan payment: $1400 for 10 years.
Back to original payments after 10 years.
Full balance due at refi or sale
No principal reduction.
Are Loan Modifications Affordable?
Loan modifications are very affordable. Just consider the great savings. Cost varies per specific case. Contact me at 971-22... to talk about it. I will give you an estimate.
