Frequently Asked Questions

 

What is a loan modification?

It is the process of working out a permanent, equitable, and fair solution between you and your lender that eliminates or reduces current debt you have incurred from a bad mortgage.

 

I tried this, but my lender won’t budge. Can you still help?

Yes. We have noticed that most lenders act this way until we get involved. We know how to get the bank to settle on fair terms. We know who to talk to and what to say. We will use our connections and experience to get you the best possible solution.

 

How Much Time Do I Have?

In this process, time is your enemy! The sooner you act the better a solution we can achieve. We have encountered many homeowners that didn't realize they could fix their current situation until it was too late. DO NOT DELAY!

 

When does Home Loans and Finance begin the loan modification process?

Once you have fully retained our services, your lender will be notified immediately and HLF will begin the modification process. However, you are required to pay the complete service fee before your loan modification is completed.

 

Can I Just Do This Myself?

Yes, but should you? It really depends on the results you want to achieve. How good would your hair look if you cut it yourself? How would you do if you represented yourself in court? If you are in trouble with your loan, you want the very best result and we can get that for you! We have a staff of loan mitigators whose only job is to work with lenders and modify loans, every day, five days a week. By letting HLF do what we do best, you will get better results with a fraction of the stress. Home Loans and Finance knows how to deal with lenders and have in-depth knowledge about how these institutions work. We can potentially save you thousands of dollars and free you from a considerable amount of stress.

 

Why should I use Home Loans and Finance to mitigate my loan instead of doing it myself?

Our team has extensive experience in negotiating loans and working with lenders. We have an impeccable relationship with lenders, who are usually unwavering in negotiating with the consumer directly. Our team has extensive knowledge about loan mitigation, modification, short refinance and short sale programs.

 

How Long Does This Take?

Once we get the paperwork, we begin right away. The time until an agreement is reached depends on the lender. We will keep you posted as the process unfolds.

 

What does this cost?

Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options to save your home. We are confident that you will feel that our fees are a bargain compared to the cost of the alternatives.

 

Will Home Loans and Finance stop late fees and interest from accruing on my account?

Home Loans and Finance cannot stop a lender from adding interest or late fees to a loan. However, your individual program will allow you to catch up on any late payments, and all interest and fees will be restructured into your new payment.

 

I filed for bankruptcy. Can you help me?

Yes. We can review your situation and let you know your options, but must wait until your mortgage has been discharged or dismissed from your bankruptcy to negotiate with your lender.

 

If I file for bankruptcy, will it save my home?

It does not appear that way. The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their home to foreclosure. So, it seems that if you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure. But, bankruptcy is an important tool in debt relief and if you believe you need this option, we advise you seek the council of a bankruptcy attorney.

 

I have flexible monthly income. Can I still participate in the program?

Yes. Our fees and payment schedule are on a client-by-client basis. We will figure an affordable and simple plan for your unique situation.

 

Can you help me with my loan type?

Yes. It does not matter what type of loan you have, we can help! We specialize in out-of-court resolutions of government and non-government mortgage delinquencies for every type of lender, including banks, credit unions, thrifts, FHA, Rural Administration, VA, CalVet, Fannie Mae, Freddie Mac, etc.

 

Call 24/7 For A Risk FREE Consultation 1-800-517-0688