When you can no longer afford to pay your mortgage, you may feel tempted to stop making these payments. However, you could be able to receive a loan modification. In this situation, your lender usually needs to see several kinds of documentation. You might hesitate to...
Improving the costs of a home mortgage
Owning a home can provide many benefits, including shelter and financial security. Affording a home requires the careful collaboration of financial goals and strategies. Because a home mortgage is often one of the higher debts that people owe, lowering its cost can...
COVID-19 Information – Loan Modifications
COVID-19, also known as the coronavirus, has created an economic disruption unseen since the Great Depression. There are many people who are unemployed who, through no fault of their own, have fallen behind on their mortgage payments. There are several ways to catch...
Loan Modification with a Balloon Payment
Sometimes the best loan modifications are scary for our clients. In particular, a loan modification with a balloon payment at the end of the loan is a great result for a borrower who cannot afford to pay a mortgage payment on the full balance of the loan even if the...
Loan Modification with Deferred Principal Balance
When seeking a loan modification for our clients, we aggressively pursue the best possible result by efforts to guide the lender to a favorable outcome based on the facts. This requires extra work by phone calls and letter writing, but the results are worth it. We...
