| When contemplating on doing a loan modification you | | | | modification and they fix the rate it may take the |
| may want to take into consideration these guidelines | | | | payment up because of it being interest plus principle |
| before going through the hassle. If you feel that these | | | | payment.o Any fixed rate loan that is at a 7.5% or |
| guidelines fit your current financial situation, then I say | | | | lower that isn't late lenders normally won't even |
| move forward with the loan modification. These | | | | entertain doing a loan modification. |
| guidelines are here to assist you in making a decision | | | | These are loan types that will work better for you.o If |
| on getting yourself back on track and keeping your | | | | the loan is a 2/28 ARM or 3/27 ARM that is within 2 |
| home. | | | | months of adjusting.o Any loan that is delinquent-unless |
| Loan Modifications that won't worko There has been a | | | | you have been modified in the past 12 months.o Any |
| loan modification or rate freeze on the property in the | | | | high-interest rate loan with a subprime lender, whether |
| last 12 monthso If the lender did a rate freeze for you | | | | fixed or adjustable.o Any adjustable high interest rate |
| without you asking in the past 12 months.o You are | | | | loan that is within 2 months of adjusting. |
| already in a low-fixed interest rate with no hardship | | | | I hope that this will be of some help to you in making a |
| and aren't behind on your mortgage.o If your loan is an | | | | decision. This is just what I have been experiencing |
| adjustable rate mortgage that isn't set to adjust | | | | while doing loan modifications. I found this information |
| anytime soon. The loan has to be within 2 months of | | | | very informative, and wanted to share my knowledge |
| adjusting or has already adjusted.o The loan is an | | | | with you. |
| option ARM that isn't late or isn't in foreclosure.o You | | | | If you are feeling the pinch of a delinquent home loan |
| are claiming a hardship but not showing a loss of | | | | and stressed about losing your home to foreclosure, |
| assets | | | | we are here to assist you. We offer a money back |
| Questionable loan modification.o Your current loan is a | | | | guarantee if we can't get your delinquent home loan |
| low-interest only payment. If the lender does a | | | | modified. |