Loan Modification
What are your Loan Options:
The Loan Modification options outlined below are designed to assist homeowners in avoiding foreclosure. Here is a list of possible alternatives that may fit your current situation:
- Loan Modification: Lenders may agree to modify the terms of your loan, such as: reducing monthly payment amounts, reducing the loan balance, or the interest rate, or fixing an adjustable interest rate.
- Short Refinance: Negotiate with your current lender to reduce your payoff amount in order to achieve an acceptable loan-to-value amount so you can refinance with another lender into a current market rate.
- Forbearance: A modified repayment agreement that lasts for a period of time.
- Short-Sale: An agreement by the lender to reduce the payoff balance and allow you to sell your home to a buyer that you or your real estate agent has found.
- Deed-in-Lieu of Foreclosure: Giving the lender possession and sometimes cash for keys to help with the move.
What's Next:
Below we have outlined the steps you can expect to take as you move forward with your loan modification. You don't have time to wait so get started today!
- Call your Loan Consultant immediately to discuss your current mortgage situation and pending or current financial hardships.
- Fill out the application at www.america-funding.com/apply, or if you are a current client call your America Funding Loan Consultant at 877-234-3634.
- Complete your payment option for $3,495.00 that will cover the whole process.
- Within 24 hours of submitting your application along with the above executed ACH, you will receive a compliance call to ensure your complete understanding of this loss mitigation solution.
- Your file will be in process for an estimated 3-4 days as it is being assigned to an underwriter that will manage your file throughout the entire process.
- The underwriter will contact you and let you know if you have passed the QC process.
- If you qualify, your underwriter will conduct a 1 hour recorded compliance conversation to review with you the next steps in the process.
- Your bank will be contacted and when the complete process begins you will be notified along every step of the way
Don't Wait - Call America Funding today at 877-234-3634!
- Privacy Statement
- Copyright © 2000 - 2010 America Funding, All Rights Reserved
- "America Funding" and logos are trademarks of America Funding, Inc.
