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Loan Modification: Are You Getting A Good Deal On Your Loan Modification?

2/3/2009 4:07:01 AM

Loan Modification: Am I Getting A Good Deal?

This is a common question lately. Many people are starting to get proposals from their lender on a loan modification because they have been working towards getting a loan modification done for months.

When your lender proposes a loan modification to you, how do you know if you are getting a good deal? How do you know whether or... Read More

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Streamlined Loan Modification Program

12/22/2008 5:11:46 AM

If you are at least 3 months behind on your mortgage and have been unsuccessful at getting your current lender to modify your loan, there is now hope. Last week, the government came out with the Streamlined Loan Modification Program and most lenders are participating in it.

Under the streamlined loan modification program, you may be able to get your loan modified in a... Read More

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Loan Modification: 4 Things To Do When Shopping For a Loan Modification Company

12/7/2008 10:47:05 AM

If you find yourself in a situation where your mortgage is unaffordable, you basically have the following options:

Try to get your current lender to modify your loan
Try to qualify for the FHA Hope for Homeowners Program
Try to qualify for the FHA Secure Program
Try to do an FHA Short Refinance
Do nothing and most likely end up in Foreclosure at some point

As we have wrote... Read More

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Loan Modification, Housing Rescue Bill

Loan Modification Harder To Get Done Now Than 5 Months Ago

8/23/2008 6:35:16 AM

According to the Arizona Republic, it is getting harder to get a loan modification done.

Some highlights from the article:

"In January, loan analyst Moe Bedard noticed a promising development in the mortgage-servicing industry: More lenders started restructuring distressed borrowers' loans to avert foreclosure.

But in the months that followed, the trend reversed itself.

&qu... Read More

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fha secure mortgage, loan modification

1,300 Foreclosures per day in California? Try the FHA Secure Mortgage Program or a Loan Modification First.

8/13/2008 8:10:47 PM

Wow! There are an estimated 1,300 foreclosures per day going on in California right now -- before you let your house go into foreclosure, remember there are options! Take for example, the new FHA Expansion program or the FHA Secure Mortgage Program or a Loan Modification... there are options!

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loan modification, fha refinance

BankUnited Announces Mortgage Assistance Program -- Option ARM To Conventional or FHA Refinance

8/9/2008 3:36:43 PM

Yesterday, BankUnited announced that they were launching a Mortgage Assistance Program to help people who are currently in an option arm and need to get into a conventional or FHA mortgage.

According to Ramiro Ortiz, BankUnited's president and COO:

"This is one of the most sweeping, broad-based programs of its kind. It will literally provide people with a map (MAP) to... Read More

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fha secure mortgage, loan modification

Can't Qualify For an FHA Secure Mortgage Loan? Here Are Some Signs That Loan Modification May Be Right For You.

8/8/2008 6:44:34 PM

I have been talking to at least one person a day this week who would like to refinance their house through the FHA Secure Mortgage program, but can't for one reason or another. These people are s-t-u-c-k in their current loan and usually they think all is lost and that they are going to face foreclosure...

Until I tell them about "Loan Modification".

I don't... Read More

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Having Trouble Making Your Mortgage Payment? Ask Your Lender To Do These 6 Things.

8/3/2008 7:55:54 PM

Are you having trouble making your mortgage payment? Pick up the phone and call your lender. You are not alone and many people are in your same situation.

Because so many people in today's world are having trouble making their mortgage payments on time, lenders are hiring people in their "loss mitigation" departments so there is a better chance than ever before... Read More

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Is a loan modification right for you?

7/13/2008 11:25:22 AM

Last week, on ArizonaMortgageTeam.com, I talked about Loan Modifications and a company called LoanSafe that I have gotten to know and work with a little.

This week, the New York Times decided to feature LoanSafe and it's CEO Moe Bedard in a feature story about Loan Modifications -- what they are, who is doing them, etc.

The long and short of the story about loan modifications is... Read More

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