http://GreatViewFinancial.com can help you with a mortgage modification. Let the specialist negotiate your loan terms and feel the relief of being able to easily make your house payment every month. 636.489.1439

2. A Loan Modification is a permanent change in one or more of the terms of your mortgage loan, allowing the loan to be reinstated, and resulting in a new, modified payment which you can afford. What is a Loan Modification ? GreatViewFinancial.com (636) 489-1439

3. Commonly Asked Questions? GreatViewFinancial.com (636) 489-1439 If I am in foreclosure can I still get a loan modification? Do I have to be behind in payments to get a loan modification? YES, if you can clearly show a sensible plan to the lender. You can still get a modification of terms. No, lenders prefer you contact them before you miss a payment however, modifications happen for borrowers in both situations.

4. Commonly Asked Questions? GreatViewFinancial.com (636) 489-1439 Don’t I need to have equity to get my lender to re-finance me? Don’t I need to have good credit for the lender to work something out? I’ve been late…my credit is already damaged – is there hope for me? A Loan Modification is different than a traditional re-finance. Equity is not necessary Loan Modifications are primarily for people just like you…You may just be starting to feel the hardship of an adjusted rate. You may have had a hardship in the past which is now remedied. Lenders are willing to work with you when you can show you have a plan and can afford the new terms of the loan.

5. Commonly Asked Questions? GreatViewFinancial.com (636) 489-1439 I have a first and a second mortgage on my home? Can I get a loan modification? What happens to late charges if my loan gets Modified? The answer is yes, you may combine both the first and the second mortgage or the lender may waive the second. The answer is that accrued late charges should be waived by the lender at the time of the Loan Modification.

6. Commonly Asked Questions? GreatViewFinancial.com (636) 489-1439 Can a Loan Modification include an escrow advance for Homeowner's Association fees? Loan modifications must also escrow funds for those items which, if not paid, would create liens on the property positioned ahead of an FHA-insured mortgage. Can I get a Loan Modification option if I am unemployed, but my spouse is employed, but the spouse’s name is not on the mortgage? The answer is based upon this scenario, if surplus income is sufficient to meet the new modified mortgage payment, but insufficient to pay back the arrearage, your Lender will have to determine if the asset is eligible for a Loan Modification since the spouse is not on the original mortgage.

7. What Documentation is Required? GreatViewFinancial.com (636) 489-1439 We will help you fill out the approximately 10 simple forms to apply for your Loan Modification. Most of what you are filling out is simple facts regarding your circumstances, including the hardship which is causing you to ask for the Modification. Lenders look at the over all situation, your ability to pay the new amount, etc.

10. What to Do Next: GreatViewFinancial.com (636) 489-1439 Contact ~ Don Johnson Today to go over your situation with NO obligation (636) 489-1439 [email_address]