Loan Modification
Loan Modification Specialists
What is considered a loan modification?
1. Interest Rate Reduction
2. Conversion to Fixed Rate Loan
3. Resolution of Past Due Amount
Qualifications for a Loan Modification:
1. Current or past illness that has impeded you from making your full mortgage payment(s).
2. Economic hardship or Job Loss that has impeded you from making your full mortgage payment(s).
3. Your current loan is not a fixed rate loan and you wish to have it converted to a fixed rate loan.
4. You have an Adjustable Rate Mortgage that has gone up higher then you can afford.
5. You are less then 3 payments behind with your lender and you wish to get caught up and put back on track to making monthly payments.
6. You have an investment property and wish to have the loan restructured so the rental amount meets your payment amount (residential only).
7. You recently took a pay cut at your current job and cannot afford your monthly mortgage.
8. Your debt to income ratio is higher then you make or earn. This can be monthly bills, credit cards, student loans, car loans, bridge loans, lines of credit, etc.
If you qualify for a Loan Modification please call us and we will walk you through the steps to get you started. The process is easy and convenient and can save you hundreds per month and thousands per year.
Call or email for details.
Direct: Ken Straley 612.749.414 Email: Ken@OffsiteRealty.com
