​​​​Call for a free consultation! 
909-552-5888

​LOAN MODIFICATION  

Much like a refinance, a loan modifications make changes to your original loan in order to lower your mortgage payments. However, unlike a refinance, the changes are usually based on your income, not your credit score or home’s value. More importantly, a loan modification can actually lower the amount you owe the bank. 

There are many programs available to help homeowners. Most banks have internal programs in addition to programs offered by the federal government, and the majority of these programs are not based on your credit score, but rather based on your income and your ability to pay. The primary focus of these programs is lowering your mortgage payment so that you can stay in your home.


These programs can help you:

  • Lower the amount you owe 

  • Reduce your interest rate to as low as 2%

  • Extend the term of your mortgage
  • Convert your interest only loan to a principal and interest loan
  • Change your adjustable rate to a low fixed rate
  • Stop the foreclosure process


Most loan modifications include one or more of the above changes, with the end result being a lower mortgage payment.

In most cases, Home Solutions can successfully modify your loan even when you’ve been turned down. The majority of denials result from improper applications. Having our experienced Underwriting Team on your side will make the difference. We have successfully modified thousands of loans, and are experienced in negotiating with most lenders.

During the initial consultation, Home Solutions will determine if you qualify for a loan modification, and will provide you with an estimated monthly payment should the lender agree to modify your loan. We will prepare and submit your loan modification application, and will handle all discussions with your Lender regarding your loan modification.

Home Solutions takes a proactive and practical approach. We will carefully review all of the details of your situation, identify potential problems and propose effective solutions to help you resolve your matter as efficiently as possible.

Call (909) 552-5888 to find out if you qualify.