Weekly Update on Loan Modification and Housing Crisis
What a crazy week for Wall Street and two banking giants as the stock market crashes and bank takeovers are announced. Washington Mutual and Wachovia bite the dust mainly due to billions of dollars of bad mortgage loans. Paulson's Bailout Plan is stumbling towards approval with a $700 billion tax burden for tax payers to try to prevent economic catastrophe. Meanwhile, thousands of homeowners are facing a much more personal crisis-the very real possibility of losing their homes due to the mortgage meltdown and housing crisis caused by investor greed and irresponsible lending. These homeowners deserve the chance for a loan modification to turn their bad loan into an affordable monthly payment plan and give them a long term solution to avoid foreclosure.
If you are one of the troubled homeowners who can no longer afford your home loan and are unable to finance, now could be the best time to contact your lender about a loan modification. The government is encouraging all lenders to offer afford and sustainable solutions to help borrowers stop foreclosure and keep their home. Now, with two more banking giants collapsing under their bad mortgage debt, there is even more incentive to offer customers a loan modification to turn delinquent loans into performing assets. You can take advantage of this window of opportunity by presenting your loan modification application and proving to your bank that you can afford to stay in your home with a new, lower monthly mortgage payment.
Don't miss this chance to modify your home loan while your lender is highly motivated to straighten out this mess they have gotten themselves into. Your lender may agree to lower your interest rate, give you a longer term. include missed payments and even reduce your principle balance to arrive at an affordable monthly payment to keep you in your home. Now is the time to learn all you can about loan modifications and what it takes to get your loan modification application approved. There is a lot of information on the internet about loan modifications, in fact there is so much information, you may have a hard time figuring out what is accurate and exactly how you should be proceeding to get your loan modification approved.
A very good source of information available in one easy to follow guide is The Complete Loan Modification Guide handbook. This is a low cost, easy to read guide that will take you step by step through the loan modification process. You will learn the 7 Steps to a Successful Loan Modification as well as invaluable negotiating tips to use when working with your lender. The Complete Loan Modification Guide also includes the necessary loan modification forms along with detailed instructions for completing them properly. Take the time to get informed, then get going to save your home.
If you would like more information about loan modifications, please visit us at:
http://www.myloanmodificationcenter.com
| We are a team of industry professionals with over 25 years of wholesale and retail lending experience. Our stated mission is to assist as many homeowners as possible to learn about alternatives to foreclosure and to keep families in their homes. A Knowledgeable homeowner is a Powerful homeowner. To learn more about how to successfully modify a home loan, please visit us at: http://www.myloanmodificationcenter.com |
