Posts Tagged ‘loan modification’
Monday, April 13th, 2009
Pros and cons of a mortgage loan modification
Mortgage loan modification defined- A loan modification is a permanent change in the terms of a mortgage. This is usually facilitated by the loss mitigation department of a lender or company when the homeowner (borrower) has fallen behind on their monthly mortgage payments. The loan modification of mortgages is a large part of the current stimulus package being advertised by the Administration as a way to help homeowners get back on their feet. The mortgage modification will be handled by the current service department and does not require a new appraisal. There are no closing costs and consequently no closing cost will be charged.
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Tags: foreclosure scam, loan modification, pros and cons
Posted in Loan Modification News | No Comments »
Wednesday, October 15th, 2008
Refinance vs Loan Modification
Arizona Loan modifications are applicable in the real estate industry when mortgage property values have declined significantly.
Due to the booming real estate economy in the late 90’s and most of this decade, not very many homeowners need to learn about the loan modification process. This resulted in many homeowners applying for a refinance. A refinance is sensible in a stable or increasing market. It offers homeowners the ability to take out cash when needed, fix or lower their interest rate, among the possible options.
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Tags: arizona loan modification, foreclosure help, loan modification, loss mitigation, phoenix loan modification, preforeclosure, refinance
Posted in Loan Modification News | No Comments »
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Not all borrowers will meet the criteria for a Loan Modification Arizona through our program, and our company does not guarantee any specific modification results.
Enrollment and modification results are subject to prerequisite and approval into the Arizona loan modification program. Actual results will differ based on individual situations and lenders, the current terms of your mortgage, and your capability to meet the terms of your modified mortgage. Arizona Loan Modification is not a guarantee against foreclosure if you fail to meet the terms of your modified mortgage.
