If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. You could be current, but having difficulty making your payments or you may have already missed one or more payments.
Some questions to ask yourself are:
1. Is your home your primary residence? If you own more than one home, then you most spend most of your time at that residence.
2. Is the amount you owe on your first mortgage equal to or less than $729,750.00?
3. Are you having trouble paying your mortgage? Have you had a significant increase in your mortgage payment OR a reduction in your income since you took out your current mortgage OR have you suffered a hardship that has increased your expenses, like medical bills?
4. Did you get your current mortgage before January 1, 2009? AND
5. Is your payment on your first mortgage more than 31% of your gross income? This includes principal, interest, taxes and insurance.
So if your answer to those questions are yes, then there is a good chance you may qualify for a loan modification.
Don't wait another day! Call 888-728-9990.
