If you are struggling to make your mortgage payments and are in need of an Ornage County loan modification, this article will help you.
All over this great state housing prices are plumeting. Couple that with rising interest rates and many people losing jobs or income and you've got a bad situation. Don't worry, there is help out there!
If you have a financial hardship and need to modify your loan, there is a great company that can help you in Orange County. They specialize in payment reductions and offer a huge variety of loan modification options. They even have instant loan modification programs with a few very large lenders. With these programs, you can modify your loan in about a week if you qualify. You also get to know your new mortgage payment and interest rate before you move forward. This is as good as it gets. You can decide if the modification is going to benefit your situation before you decide to do it. There are no upfront fees either. Here is an example of one:
Lender: B OF A
Date submitted: 07/02/09 Date completed: 07/14/09 Total time: 12 DAYS
1. Number of Payments: THREE
2. Down Payment/Contribution: $ 0.00
3. Payments of: $ 1,588.75
4. First Payment Due On: 07/15/09
5. Last Payment Due On: 09/01/09
1. Old Interest Rate: 7.00% with PITI payments of: $ 2,561.43
3. New Mod Interest Rate: NA% PITI with payments of: $ 1,588.75
4. 4. Total Monthly Savings with the Mod: $ 972.68
Notes:
* Trial Mod * 38% reduction in Payment
MODIFICATION COMPLETED
This is a trial modification. Basically, the homeowner has to make these 3 payments on time and then they are guaranteed a permanent loan modification. If you miss one of these payments, the mod is void.
This company is also very good at qualifying homeowners with the HAM program (or Obama Mortgage Plan). With this program, you can reduce your mortgage to 31% or your net monthly income with taxes included. Rates go as low as 2% with this program! They do not have upfront fees with this program either.
If you have tried to negotiate a loan modification and failed or you just want the best possible result, you should visit their website and give them a call. These guys know how to get you approved! Not everyone will qualify, but with these programs you can learn what your new payment is going to be before you move forward, so why wouldn't you call? You can visit their offices in Huntington as well.
For more information on this company and these programs, just visit the links below.
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