Tulsa Loan Help - Experts Saving Families, Homes, and Money

Who is Eligible for a Loan Modification?

If you are a Homeowner, YOU QUALIFY!
If you have a willingness to stay in your home, YOU QUALIFY!
Missed payments and credit worthiness are not requirements any longer, YOU QUALIFY!

What is a Loan Modification?
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan,
allows the loan to be reinstated, and results in a payment the mortgagor can afford. (HUD, U.S.
Department of Housing and Urban Development)

Why Would I, a Homeowner, Want a Loan Modification?
The need for a loan modification is caused by a borrowers inability to make payments in the
agreed upon time-frame or because the property is worth less than the borrower owes.

If the homeowner has a little bit of equity in the home or is slightly upside down on the mortgage,
and if the Homeowners current income is approximately 5% greater than their total current
expenses, then one should consider a Loan Modification.

On the other hand, if the Homeowner is upside down on the mortgage by 10% or more, or if the
Homeowners income is 10% less than their current expenses, then they should seriously
consider a Short Sale.

Why Would My Bank Accept a Loan Modification?
Banks are in the business of owning loans, not properties. Bank stand to loose over 50% if they
foreclose, and therefore would rather collect lower payments then none at all.

Isn't a Loan Modification the Same Thing as Refinancing?
No. Loan Modification's keep your loan with its current lender. In addition, loan mods do not
require credit checks, do not require an appraisal of the property, and do not have any closing
costs associated with the process.

Refinancing requires a credit check, an appraisal, and closing costs which can run you
thousands of dollars.

Can't I Go Through My Lender for the Same Service?
You can, except we have already witnessed several situations where the lender worked on their
OWN behalf and raised the homeowners payments! We negotiate directly with your lender on
YOUR behalf!