Credit Report Repair Guide

 

Home Loan Modification

 

Home Loan Modifications are the most effective way for most Americans to deal with inflated monthly mortgage payments. Let’s face facts, the financial bubble popped a long time ago. However, there are still millions of Americans writing checks for monthly payments based on a home value of 5 – 10 years ago.anchor text

 

What your home loan lender doesn’t want you to know…

 

I’ll tell you what; the banks aren’t going to tell you about your options. It’s your responsibility to educate yourself about the opportunities that are available to you, so you may change your homeanchor text loan circumstances.

 

 

Home Loan Modifications are one of the most politically supported solutions to your financial woes.

 

 

At Able Financial Solutionsanchor text, we know this is one of the scariest times in modern history for home owners. It’s easy to feel stressful and overwhelmed if you’re missing your mortgage payments, or struggling to make ends meet. We’re here to let you know that it’s time to get off the emotional roller coaster and change your circumstances by taking a hold of the reins.

 

The Home Loan Modification process is a renegotiation of your present loan; lowering your payments to a reasonable level you can afford.

 

The fact is that most people are paying on a home loan based upon its worth when you purchased it. If you purchased your home around 1999 – 2007, you will very likely benefit from our life changing services. We will work on your behalf to restructure your home loan to meet its present worth; the value your home would be sold for if it were on the market right now.

 

Home Loan Modifications are actually one of the fastest ways to relieve the burden of a family struggling to keep their home.

 

There are other options to modify your home loan. Click here for 7 ways to get home loan relief. However, should you find yourself under water and with negative equity, instead of walking away from your beloved home, the loan modification process will ensure that keeping your home is a wise, financial intelligent decision.

 

Just imagine the reprieve you’ll feel when you’re paying a lower monthly payment, based on an overall worth you can afford!

 

Stop diminishing the quality of your life by continuing to pay on a home loan that’s outdated. Able Financial Solutions is here to take the burden of your Home Loan Modification off your shoulders and make certain you get the best possible deal for your unique situation.

 

 

Call an analyst now at 800-890-2099 and learn more about your options for Home Loan Modification.

 

 

written by Credit Repair Guru \\ tags: Home Loan Modification, Loan Modification, mortgage modification

 

Do the Math – Stop Throwing Your Money Away

 

“How does it feel?” The man asked.

 

“How does what feel?” The woman replied.

 

“How does it feel wasting your money each and every month on your home mortgage?” The man continued.

 

“I didn’t know I was.” She said in a bewildered tone.

 

“Well, if you haven’t taken the time in the last year to really take a look at the potential for lowering your interest rate and monthly payments, I promise you that you’re flushing good money down the toilet.” He surmised.http://www.ablefinancialsolutions.com/loan-modification/do-the-math/<>home loan modification

 

Stop Throwing Your Money Away…

 

We hear it time and time again; “thank you so much for the money you’ve saved me.” When you’re paying on an out-of-whack home loan, you’re essentially just throwing your money away. Part of the Home Loan Modification process is putting money back into your pocket, instead of your lender’s bank account.

 

As a part of our economic recovery, the more money you have to spend on commerce, the better it is for the collective people. That’s one of the main objectives behind government support to encourage lenders to freely approve Home Loan Modifications; it makes cents. Home Loan Modifications are a powerful method to readjust the inflation of America’s last decade back into resonance with where interest and payments should really be.

 

One of the biggest reasons lenders weren’t previously as forthright about approving your Home Loan Modification is pretty simple: They were making a lot more money from you than they should, and without adequate help or intervention on your behalf, lenders saw no reason to assist those who sought out an appropriate restructuring to their mortgage.

 

Thankfully, things have changed…

 

Not only have circumstances changed; it’s not uncommon for people paying on high interest loans to see their monthly mortgage payments drop significantly. In fact, depending upon where you live, you could see a drop in your interest and payments that dramatically change your lifestyle. How amazing would it feel to have an extra $500, $800, $1,000 or more extra every month? It would make an enormous difference, wouldn’t it?

 

Able Financial Solutions in accordance with California SB 94 and using HAMP guidelines negotiates on your behalf with your lenders. Our unified goal is getting you the most harmonious loan modification your circumstances allow. The Home Loan Modification process is quite frankly something everyone should be looking into. The financial reality in both residential and commercial markets are way different than they were when people bought their properties from the late 90’s – 2008.home loan modification

 

http://www.ablefinancialsolutions.com/loan-modification/do-the-math/

It’s your absolute right to restructure your home loan to match the current market value.

 

We’re putting this information out there as bluntly as possible because a lot of people simply don’t know the powerful options they have in times of hardship. Indeed, stress and fear can be blinding.

 

In fact, if you’re struggling just to make ends meet, and keeping your home is becoming more and more of a difficulty, then you’ve simply got to begin the Home Loan Modification process NOW! Stop convincing yourself “this is just the way it is.” Sure, it might be right now, but your situation can change in a heartbeat. The path towards financial empowerment begins by picking up the phone and calling Able Financial Solutions to discover how a Home Loan Modification will create relief in your life.

 

Working with Able Financial Solutions enables you to:

 

• Stop paying on a high interest, high monthly payment mortgage immediately.

 

• Feel free from the burden of believing you didn’t have any other option but to continue paying way more money than you really have.

 

• Keep your home safe from foreclosure.

 

• Have more money in your pocket for the stuff you’d really enjoy doing.

 

• Avoid having to just walk away from a financially toxic situation.

 

Look, at the end of the say, it doesn’t matter what financial class you fall into. Home Loan Modifications are an appropriate step for just about any homeowner to take. The process of renegotiating your home loan is an amazing reprieve from believing you were stuck in a horrible contractual obligation. Your lender has learned its lesson. They know that holding you accountable for a lopsided loan isn’t in anyone’s best interest these days.mortgage modification

 

Did you know?

 

• Lenders are directly sending out packets of information about how you can perform your own Home Loan Modification? (Many lenders do this so you don’t seek out representation.)

 

• There are literally millions of homeowners who would hugely benefit from entering into the Home Loan Modification process right now?

 

• More Home Loan Modifications are approved now than perhaps at any other time in American history because of government intervention and oversight?

 

Able Financial Solutions is proudly in the business of saving you money. We believe that every homeowner has a responsibility to discover if a Home Loan Modification would be of assistance to them. Why? The more people who empower themselves, and help society gracefully recover from the real estate financial bubble popping; the faster we’ll individually and collectively become prosperous again.

 

When you participate in the Home Loan Modification renegotiation process, you are:

 

• Taking your power back from the banks and lenders who perpetuated this economic madness.

 

• You’re also making sure you’ve got way more money, sanity, and energy to focus on what really matters to you.

 

Do the math… Do you want to continue giving your lender more money than they deserve? Or is it perhaps time to take back your power and save yourself a ton of money, stress, and anxiety?

 

Able Financial Solutions is ready when you are once you’ve come to the obvious conclusion. We’re also here to help you become aware of whether you even need our help to perform a successful restructuring of your home loan… Hey, we’re in this economic recovery together, right?

 

written by Credit Repair Guru \\ tags: Loan Modification, mortgage, refinance

A loan audit is a comprehensive loan fraud/predatory lending investigation report that will identify infractions and violations committed by your lender and/or broker when they originally funded your loan. Obtaining an audit should be the first step on your quest to successfully modifying your home loan. If you are behind on your mortgage payments, facing default or foreclosure, the audit is a critical tool that can be used as leverage to argue your case with your lender(s). It will highlight laws that were broken by your broker or by your lender, if any. In almost 100% of cases, we find violations in RESPA*, TILA*, and in some cases, egregious Article 32 Predatory Lending violations*. [RESPA = Real Estate Settlement Procedures Act. TILA = Truth-In-Lending Act. Article 32 Predatory Lending = This law is devoted to identifying certain high-cost, potentially predatory mortgage loans.]

You are not alone in this nationwide financial crisis. Times are extremely tough for millions of homeowners like you, and thankfully there many active laws that protect you. If you are having trouble paying your bills, your income cannot support monthly expenses and you ultimately are unable to make your mortgage payment(s), the good news is you have recourse with your lender that inevitably help you keep your home. The main goal of a loan modification is to stop foreclosure of your home. Foreclosures do not help or benefit anyone — not even your bank. An attorney and/or law office that specializes in loan modifications and debt negotiations is your best option to assist you in this process. An attorney can make your lender act on your case in your favor, and a loan audit can only help to successfully restructure your loan.

What is included in a Loan Audit Report?

• Results report of all factual findings of the audit
• Any and all applicable federal law violations
• The real terms of your loan
• Outline of hidden fees and/or commission earned by your broker and/or lender
• A complete assessment so you can pursue possible legal claims against your broker and/or lender

Loans with illegal terms or conditions are not enforceable. Foreclosures resulting from illegal loans are also not enforceable. The foreclosure process is stopped when litigation on a questionable loan begins. Mortgage payments are not required during the foreclosure or litigation process. Lenders will choose the most rational and fiscally sensible response when presented with the legal facts. When facing their legal options: modifying your loan, foreclosing your home, paying some high-priced attorneys to litigate, or risking stiff federal fines and penalties, the majority of lenders will choose loan modification as the most financially sensible option.

98% of all mortgages are potentially ELIGIBLE to be RENEGOTIATED due to Truth in Lending Act violations according to a review of thousands of mortgage documents. The 5 most common mortgage violations that break laws within the Truth in Lending Act and Real Estate Settlement Procedure Act are:

• Missing paperwork. The federal Truth in Lending Act states that lenders must clearly disclose key loan terms and costs at the time of the mortgage application and home closing; however, if paperwork is missing, buyers may never see the final mortgage terms and costs. 98% of the mortgages we review include this violation.
• Bad “good-faith” estimates. Good faith estimates are intended for buyers to compare and contrast one mortgage offer to another. However, some brokers write low-ball good faith estimates to “bait and switch” homeowners by representing that they will offer lower costs and mortgage terms, then later inserting higher interest rates, higher closing costs or mortgages that homeowners can’t afford. We see 21% of this violation in its mortgage reviews.
• Incorrect payment representations that drive up APRs. Unscrupulous lenders play a bit of a shell game with Truth in Lending Disclosure Statements, which are estimations of the cost of borrowing money to buy a home, the expected payments for a mortgage and other related details. When lenders fill out these documents with incorrect information, particularly in the payment section, the Annual Percentage Rate for the loan changes with each error, leaving homeowners with unexpected payment increases that can lead to foreclosures if the homeowner cannot handle the increase. One quarter (26 percent) of mortgages we review include this violation.
• Double-dipping brokers. Within three days of offering a good faith mortgage estimate, brokers are supposed to reveal income to be paid outside closing, often referred to as the yield-spread premium. Unsavory brokers do not disclose the income to the borrower on the good faith estimate. The borrower finds out about the yield-spread premium at closing on the HUD-1, which he/she is paying for indirectly in the form of a higher interest rate.
• No documentation of income. Initially designed to help the self-employed, who don’t often have a paper trail to show income history, mortgages written with little, if any, documentation of the buyer’s income enable deceitful brokers to fill in false income data. This allows borrowers to qualify for larger loans and brokers to make higher commissions. One third (33%) of mortgages reviewed by us include this violation.

All of this means that you have a lot of leverage to achieve better terms for your current mortgage, as lenders and their counsel are well aware of these violations.

written by Credit Repair Guru \\ tags: Foreclosure, HAMP, Homes Affordable Modification Program, Loan Modification, Making Homes Affordable, mortgage help, mortgage modification, mortgage relief

A great resource: Stop Foreclosure In Houston

To Stop Foreclosure in nearly any city in the United States of America, there are basically only a few legitimate options. Some of these you’ll know, and some will be brand new to you.

Here are a few directions you can take:

• Sell your house prior to the foreclosure auction. The value of this idea will vary heavily depending on the nature and quality of your local real estate market. If you’re in a market that still has very slow resale rates, selling your home could be a challenge. Ask a local real estate agent to determine the average number of days on the market for properties in your area.
• Initiate a loan modification. A loan modification is a process through which your lender changes the payment terms of your loan to more closely match your ability to pay. While this is not a guarantee, loan modifications have become more popular in the last 12 months.
• Refinance the property. If you are not yet fully into the foreclosure process but have reason to expect you will fall behind on your payments, it may be wise to try to refinance your mortgage to a lower rate. If your property is worth less than the balance of the mortgage, you’ll want to inquire regarding a “short refinance”, which is when a lender forgives a portion of the debt against you in order for you to refinance your property and pay off the remainder of the debt you owe.

When you’re trying to stop a foreclosure, the key is fast action.

Warning: Be very wary of people who aggressively attempt to purchase your home for investment purposes. While there are many legitimate real estate investors, there has been a significant amount of fraud with “Stop Foreclosure” scams, and it is wise to be very, very careful.

Please remember: The crisis you now face will soon be over. As a foreclosure survivor myself, I’d like to encourage you to remain hopeful, and to understand that your future does not equal your past!

Thanks for reading this information about how to stop foreclosure. I hope you’ve found value here.

written by Credit Repair Guru \\ tags: Foreclosure, how to stop foreclosure, Loan Modification, short refinance, stop foreclosure