3 Easy Steps

Step One

Fill out forms with our easy online Modification Station

Our Pre-Qualification system will instantly create your BANK READY loan modification package, that will provide step by step instructions for processing your loan modification.

Step Two

Buy Your Bank Ready Loan Modification Package $9.97

After you complete the online forms for the BANK READY Modification Package, fill out the payment options and print your Modification Package that is ready to be submitted to the bank. Learn More

Step Three

Submit Your Package

Follow the Step-by-Step submission instructions on the BANK READY Modification package. A Loan Modification package prepared by our system will help you get a loan modification.

Loan Modifications Station

Loan Modification Station

How It Works

A loan workout or loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Because of the mortgage crisis, Lenders are willing to negotiate a loan modification if a borrower is facing financial difficulties and can't obtain other financing alternatives. You must show the lender why it would be in the lender's best interest to agree to a workout arrangement. If convinced, a lender may be willing to reduce the loan interest rate, reduce monthly payment amounts or change other loan terms.

A loan modification generally occurs where the parties to a problem loan mutually agree to workout the problem by creating new and better loan terms. The hope is that the new loan will enable the borrower to meet their obligations.

When applying for a loan modification, make a game plan on how exactly you are going to approach your lender or bank. These people are trained in minimizing loss for the lender or bank and they get paid by getting the most amount of money out of you as possible or declare that your case is unworkable and foreclose on you. That is how they mitigate loss. If you understand this, then you'll know that you have to approach them and all conversations very carefully. Everything can and will be used against you.

Items You Will Need When Applying For a Loan Modification.

FAQs

1. What is a Loan Modification?

A Loan Modification is when the bank allows a change in the terms of your existing mortgage. The purpose of a modification is to ultimately and significantly lower your monthly payments, for either a temporary or permanent period of time. Check out our Case Studies to see some real life examples.

2. Who qualifies for a loan modification?

Anyone that is having trouble paying their existing loan. In today’s housing conditions banks are willing to work with mortgage holders that are having trouble paying their mortgage. However, high probability characteristics are homeowners currently in an adjustable rate mortgage, have a high interest rate, are upside down on their home, and/or experiencing any kind of hardship.

3. Why will it work for me?

The government has asked for ALL lending banks to help in the foreclosure epidemic and modify mortgages for all troubled homeowners. This site will automatically produce your Bank Ready Loan Modification Package. Going to your lender with a complete modification package that has been reviewed by our loan modification consultants, will make a scary process seem simple.

Case Studies

CASE #1 for Carrington Mortgage

This client was upside down on their house by 30,000. They attempted to Refi with the original broker, however with no equity in their home, the banks will not take that risk. With a 10.10% Adjustable rate mortgage the client has to do something or else the mortgage payment is completely unaffordable, leading them down foreclosure lane.

About Us

We are a web based, loan modification document preparation service. Our service was created to help and guide homeowners through the loan modification process. Our system will help you get a loan modification, easier and faster than working by yourself. Assuming you have the correct combination of eligible factors like an Adjustable Rate Mortgage, High Interest Rates, Negative Equity, Poor Credit, Reduced Income, temporary/permanent hardship, etc... you should get a loan modification approved by your bank or servicer.

Most Lending Banks have enhanced and expanded its Loan Modification Programs to include a wide array of hardship situations. There are seven (7) new loan modification programs that can be used to address temporary hardships like layoffs, job loss or short-term income reductions, and permanent hardships like death of a spouse, disability, divorce, or severe medical situations. These newly expanded and enhanced programs allow your bank to modify or change the term of the loan, the interest rate, and in some cases, principal balance, to reduce the monthly payment to an amount you can comfortably afford. Loan Modifications can be done as a short-term cure for a period as little as six (6) months, or in some situations, modifications can be made permanent.

Homeowners with past due real estate taxes can apply as well, to get caught up and to escrow taxes going forward. Based on your financial situation and hardship, Bank representatives will work with you and help to find the program that is right for you. In today’s strained economic environment, the threat of Foreclosure seems to lurk around every corner. Be assured: YOUR BANK does not want to foreclose on your property. Foreclosure is a no-win situation for the homeowner and the bank. A Loan Modification Program is the solution to ensure everyone comes out a winner.