Mortgage Modification
Help Now for Loan Modification
What to do if you are in trouble:
If you have lost your job, have medical problems, or your current mortgage payments are just too much to handle you most likely need to seek to modify your loan.
Here are some guidelines to follow:
- Fight for your home - Do Not give it away!
- The government, your neighbors, nor your bank will do it for you
- You have to take charge and do it
- Try to come up with solutions for your lender
- Watch out for the scammers "Mortgage Modification" has become a buzzword
- Talk to your lender first and see what can be done
- Try to get the interest rate of principle lowered
- If you have an ARM try to get a fixed rate you can afford
- If you are sick or unemployed try to get a grace period (forbearance)
- If all else fails get a lawyer - do not give away your home
To find more resources go to the Mortgage Modification section of our directory
Online Calculators
- Eloan Calculator
www.eloan.com - Kiplinger Home calculator
www.kiplinger.com/tools/index.html - CNN & Money Home Calculator
http://cgi.money.cnn.com/tools/ - Smart Money Buying A Home Calculator
www.smartmoney.com/home/buying/index.cfm?story=howmuch - Smart Money Mortgage Calculator
www.smartmoney.com/home/buying/index.cfm?story=mortgage - Smart Money Rent or Buy calculator
www.smartmoney.com/home/buying/index.cfm?story=rentown - Mortgage professor Calculator
www.mtgprofessor.com