National Mortgage Help Center 866-542-2647

Avoid Loan Modification Scams

The presidents "Making Home Affordable" and "Home Affordable Modification Program" program includes two major parts, refinancing and loan modification.

If you have not made any late payments in the last 12 months, and your home value is near the value of your mortgage, then you may be able to refinance . If you are behind on your payments, but could afford a lower payment, then the modification plan may be right for you.

In any case, fill in the form to the right or call 1-866-542-2647 for a free consultation.

Recent data shows that up to 50% of modified loans redefault because the offer that the bank makes is as unsustainable as the original terms.

You must be vigilant in your negotiations with your lender. It is best to get third party representation from an attorney, CPA or licensed mortgage broker that can negotiate on your behalf.

If you have bad credit and can not refinance and you can not get a loan modification, then you may want to look into a short sale . This is when you sell your property to a third party for less than you owe, contingent on if the lender will release you from the loan. This prevents a foreclosure and doesn't reflect as negatively on your credit as a foreclosure would.

Find out if you qualify for these Federal Government Programs

(HAMP)Home Affordable Mortgage Modification Program
(HAFA) Home Affordable Foreclosure Alternatives ( Short Sale )

FILL OUT THIS SHORT FORM FOR A REFINANCE OR LOAN MODIFICATION CONSULTATION OR CALL 866-542-2647

First and Last Name Only

City

State (location of property)

Street Address

Zip

Work Phone (one valid # required)

Home Phone (one valid # required)

Type of House
For businesses, get a Commercial Mortgage Modification.

Current Value
(Example: 200000)

Purchase Price

(Example: 200000)

Total Mortgage Balance

(Existing 1st and 2nd)

Current Interest Rate

Fixed or Adjustable?

Monthly Payment

Behind on Payments?

How Would Your Rate Your Credit?

Total of unsecured debt (total of credit cards, personal loans, medical bills)

Best Time to Call

First Mortgage Balance

Service you are interested in

Email Address user@isp.com

Who is your lender? How many payments are you behind? List other information that may be helpful.

(Example: Ocwen, 3 payments behind, Notice of default filed 11/03/08. Maximum 255 characters.)

May we have your permission to send you occasional special offers by email? You may unsubscribe any time .
Yes No

All information collected is treated as strictly confidential and will only be used for the purposes of a foreclosure loss mitigation or loan modification consultation. We will never sell your name to a third party marketer. You agree to allow our consultants to call even if you are on the do not call list.

What is a mortgage loan modification?
Loan modification is when you and your existing lender agree to permanently change the terms of your original note. A loan modification is more than just foreclosure prevention. A successful modification is affordable and permanent.

Why would the banks want to renegotiate?
The banks would rather change the terms of the loan to a payment that you can afford than take the property through foreclosure. This will allow them to keep the loan on their books at full value rather than being forced to mark it down according to current mark-to-market accounting rules.

Do I qualify for a loan modification?
There are many factors that determine on what basis a lender will modify a loan. Equity, income, payment history, debt ratio and many other factors. An experienced loss mitigation consultant can guide you as to the best approach to take. Every case is different. If you are employed and can prove your income and if your current payment or future payment is unaffordable, then you probably qualify.

What does it cost?
Fees vary among loss mitigation companies but are generally equal to about one mortgage payment.

Can I do it myself?
You can negotiate on your own but you are more likely to get a better deal if you have a professional negotiator on your side. The bank is unlikely to offer you the best possible deal. Professional loss mitigators have existing relationships with most lenders and know how to get to the decision makers.

Who is Leadsnet Inc.?
Leadsnet Inc is a privately held leads provider. We provide the information that you submit to loan modification companies, mortgage companies, attorneys and consultants. Your personal details will be made available to a maximum of three companies. We don't sell your information to marketing companies or third parties for any reason other than the free consultation that you are registering for. We are not affiliated with any government agency.

Who is the National Mortgage Help Center?
National Mortgage Help Center is an advertising cooperative. Your call is routed to participating independent cooperative members. These members consist of law firms, mortgage companies and consultants that work on a fee for service basis. These professionals pay marketing fees to various ad resellers to route sales calls to their offices. NMHC is not affiliated with any government agency or government program.

Click here for Short Sale information.

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