Are You Looking for Mortgage Relief?

• Are you currently facing a hardship?
• Have you tried to refinance but could not qualify?
• Do you owe more money that your house is worth?
• Is your adjustable rate mortgage about to adjust?
• Are you behind on your mortgage payment?

Loan Modification

If you are suffering from a financial hardship your lender might agree to modify any or some of the terms of the mortgage, making it more affordable for you and enabling your lender to avoid the cost of managing an additional foreclosure.

These changes may include:

1) Reducing or modifying the interest rate
2) Extending the term of the loan
3) Changing the monthly payments
4) Recapitalization of delinquent debt
5) Reduction in principal
6) Combining any of the above

A loan modification will give you a fresh start, bringing your mortgage up to date after recapitalization of any delinquent interest, escrow, fees, and other costs based on your specific investor guidelines. Acting quickly should be your number one priority. We will develop a game plan, document your current financial situation, and contact your lender to begin the negotiation process on your behalf.

Palm Beach Financial Network will work with you, employing a team of mortgage professionals and an attorney to help you reach a successful solution to help you stay in your home.

For additional information and news regarding loan and mortgage modifications, please see our blog.