MODIFY YOUR MORTGAGE NOW!

President Obama has implemented new policies and procedures to help honest hardworking people reduce their monthly mortgage payments and their interest rates. These new laws could help millions of people save their home from foreclosure and reduce their monthly mortgage payments to a more affordable amount.

The new law is called Making Home Affordable. It is also referred to as the Home Affordability and Stability Plan and the Obama Plan.

The new law should help people in all sorts of situations. It can help people who are up to date on their mortgage, and it can help people who are behind on their mortgage This program will also help people who are in foreclosure and who are facing a Sheriff’s Sale.

Therefore, if you cannot afford your home mortgage payments, there is hope, and there is light at the end of the tunnel.

The primary purpose of the plan is to reduce people’s mortgage payments so that their monthly payment is about 31% of the household gross monthly income.

If you are having trouble with your monthly mortgage payment, chances are we can help you obtain a loan modification, even if you are in foreclosure.

Our loan modification team has been very successful in obtaining monthly mortgage payment reductions for many clients. For example, if we can get someone’s mortgage payment reduced by $500 a month, that is $6,000 a year, and $30,000 over 5 years. That is quite a substantial savings.

Many times, we have been able to get interest rates reduced to as low as 2% per year for the first several years of the loan modification, and that usually amounts to an enormous savings in the monthly payments.

There are also new laws in New Jersey that require mortgage companies to offer a mediation program for homeowners facing foreclosure.

New programs continue to come out, and the Obama administration definitely is in favor of liberalizing the laws to help homeowners keep their homes and stop the present foreclosure crisis. We’d like to help you.

To qualify for a loan modification, we must submit certain information and documentation to the mortgage company including the following:

1. Proof of income you earn. Normally we will need your last two pay stubs or other proof of earned income. If you are not presently working, don’t worry. Please supply proof of any other income including the following: Unemployment, Disability, Social Security, Food Stamps, Public Assistance, Child Support, Pension Income, Alimony, and any other forms of money coming in.
Many people cannot pay their mortgage because of an unexpected hardship that occurred in their lives. For example, you may have lost your job, or a family member may have lost their job. There may have been an unexpected illness or an accident resulting in employment loss and large medical bills. There may have been large bills for car repair, home repair, or other unexpected bills.

2. The mortgage company wants to know about any unexpected hardship, so please provide us with detailed information of any unexpected problems you have encountered that have made it difficult for you to keep up with your mortgage payments.

3. Monthly expenses. The mortgage company will want documentation of your normal monthly expenses. We will provide you with a checklist you can follow. This will include minimum payment on credit cards.

4. List of assets. The mortgage company will want to know what you own, including cars, amount of money in the bank, and other personal property or real estate, and the values of those assets. We will provide you with forms for that.

5. The mortgage company will also want to see the last three months bank statements for each bank account that you have.

We help people save their homes by helping them obtain favorable loan modifications. Not everyone can qualify, but under the new Obama Plan, many people who were rejected before can now obtain favorable loan modifications.

We are here to help you, so please feel free to ask any questions that you may have.