Wisconsin Loan Modification | Lower your interest rate to as low as 2 percent | Save your home from foreclosure
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Arizona Loan Modification

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Arizona Loan Modification

If you are a financially struggling homeowner and are trying to avoid foreclosure,The Home Affordable Modification Program (HAMP) is designed to help homeowners who have experienced a legitmate hardship by modifying mortgages down to a level that is affordable for borrowers presently and maintainable in the future as well. The entire mortgage industry uses clear and consistent loan modification guidelines  There are monetary incentives paid by The Home Affordable Modification Program which includes: borrowers, servicers and investors.

The Making home affordable plan was created In February 2009, to stabilize the housing market from foreclosure and to help struggling homeowners.  This plan was created by the Obama Administration. The loan modification guidance across the mortgage industry was updated and expanded by a series of policy announcements by the Treasury Department in March 2009,

If you are a eligible borrower then The Home Affordable Modification Program (HAMP) will provide an opportunity to modify your loans to make them more affordable.  A uniform loan modification process is provided Under HAMP.  A loan modification will provide homeowners with affordable and sustainable monthly payments for their first lien mortgage loans.  An interest rate reduction, term extension, principal forbearance and forgiving principle is affordable and achieved throught a successfull modification.


Who is Eligible for Loan Modification Under HAMP?

To be eligible for a loan modification under HAMP, you must:

•Be the owner-occupant of a one to four-unit home.

•Have an unpaid principal mortgage balance that is equal to or less than:
oOne unit:  $729,750
oTwo units: $934,200
oThree units: $1,129,250
oFour units:  $1,403,400

•Have a first lien mortgage that was originated on or before January 1, 2009

•Have a monthly mortgage payment (including taxes, insurance, and homeowners’ association dues) greater than 31 percent of your monthly gross (pre-tax) income.

•Have a mortgage payment that is not affordable due to a financial hardship that can be documented

How will the HAMP Modification Affect my Loan?

Your lender may offer multiple options to you, including:
•Reducing your interest rate to as low as 2 percent.
•Extending the term of your loan up to 40 years.
•Deferring a portion of the principal payment to a balloon payment at the end of the loan term.
•Forgiving a portion of the principal.  Before you agree to a HAMP modification, consult with your attorney for information about the affect of the modification see if you are qualified to lower your mortgage payment and receive foreclosure assistance.


Loan Modification Arizona
Help Hotline for Homeowners
1-888-898-7665

Contact one of our senior consultants today for a analysis of your situation. You can also generate a qualification report by taking a 1 minute evaluation to see if you qualify for assistance to modify your loan.  If you  qualify then they will be able to plan a solution that will fit your individual needs and show you a long term solution.  Get Help Now , Call today.
Don't Delay.

A Wisconsin Loan Attorney will be able to answer any questions that you may have about a loan modification. If you would like to be able to speak with a loan modification attorney please fill out the Get Help Now  form and specify that you would like to have a call from a Wisconsin loan modification attorney today.