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How does it work?
Loan Modification Assistance
We are commited to getting a payment that fits your budget and save your home from forclosure.Loan modifications have prevented thousands of families from losing there home. In Alaska like the rest of the country, foreclosure rates have increased.With forclosures at an all time high the real estate market is trying to cope with the exceedingly high amount of homes on the market. If you have been hit by the current down turn in the ecconomy and have a hardship there are many options availible. There are several programs that will lower intrest rates and monthly payments. Look into a loan modification and see what the potential benefits are for you and how they can improve your situation. Your credit history does not matter in the modification process, you already have qualified for the loan. For every mortgage the bank modifies the goverment has given them money, giving them an extra incentive not to work with you. The goverment will give up to 5,000.00 for three years for each loan modified. The government also pays up to 5,000.00 on your principle balance. The intrest rate on your mortgage will be reduced to as low as 2% for the life of the loan. Examples of hardships that qualify you are an Adjustable Rate Mortgage, Intrest Only Mortgage, have fallen behind on your payments, have loss of income, if your home has lost value etc...
The loan modification process will lower your mortgage payment to a affordable payment that you can afford. First you call the mortgage company and ask if you can modify your loan. You will have to prepare extensive documentaion and be knowledgable about the current laws for mortgage modification. The process is long, this includes weekly contacts to your lender, submitting documents weekly and expect to be on hold for over 2-4 hours a week. They constantly "lose" your documents and you have to resubmit. Once you finally get to review and recieve a trial payment, you must do certain things to get to final terms. This is a very Time Consuming venture, let the experts at Loan Modifcation Alaska help you today.
Modify your Alaska Mortgage by learning the process. We currently offer free educational packets, these will help you learn the process that you will go through in order to get a loan modification. Email us if you have any questions that need answering. If you would like to recieve the free eduational packet submit your information and put FREE EDUCATION in the comments box.
Who can benifit from a loan modification?
- Anyone who feels strapped for cash by their mortgage
- If you have an Adjustable Rate Mortgage
- If a lower monthly mortgage is needed for any reason
- If facing Bankruptcy, Foreclosure even if a NOD has been filed
- If you have been affected by the real estate slump and your home has lost value and you owe more than your property is worth
Get Help Now!
1-888-898-7665
Homeowners HELP Hotline
Client Testimonials
1-888-898-7665
Get Help Now!
Contact one of our senior advisers today. These advisors are here to help you understand your options. If your eligable they will help you design a plan to suit your individual needs and create a situation where you can see the future. And there is no cost to you for this valuable service. Don’t delay. Call today.
Take the 1 Minute Evaluation Now.
“J. W. Rassmussen”
We were no longer able to afford our home due to a job loss. We had sold all of our assets ans had not othe options but to go late on our home mortgage payments to be able to feed our family. We attempted to modify our mortgage through our lender and hadbeen denied twice and was told that there was no options but to sell our home. This is when we decided to look into a Loan Modification Lawyer. Thw Attorney that workedwith us was knowledgable and knew our rights.We did qualify and receive a loan modification with our lender and we owe it to the assistance we received from the experience of the alaska loan modification attorneys we worked with. Thanks is not enough....
“Bob Thomas”
We appreciate all of your assistance with the borrowed funds modification assistance! We thought I was losing the house and because of you we will be keeping it. The good thing is the fact that we could save over 600.00 per month for that existence from the loan. We now have a home loan payment money can buy. We didn't expect the economy to alter which we'd lose our jobs and also have a decrease in earnings. We believed that I was losing the only real home we've possessed. Such a blessing a chance to re-negotiate a mortgage and get a modification that managed to get us a way save the house. The lawyers made us feel at ease creating a payment which we can truly afford...
Loan Modification Terms
Monthly Savings: $870.00
Total Savings: $313,200.00
Monthly Savings: $396.00
Total Savings: $ 142,550.00
Pre-mod TERMS
Balance: $ 365.475
Interest rate: 6.375%
Payment: $ 2016
Mod TERMS
Balance: $ 296,221
Interest rate: 2.5%
Payment: $ 1146
Pre-mod TERMS
Balance: $ 191,579
Interest rate: 6.975%
Payment: $ 1,422
Mod TERMS
Balance: $ 217,813
Interest rate: 3.5%
Payment: $ 1026
IMPORTANT DISCLAIMER - Please Read: A reduced Interest rate is typically part of a loan modification terms. However there is no guarantee you will receive a loan modification.Loan Modification approval is dependent on criteria including but not limited to hardship, income, debt ratios. SMA is not a Bank, nor a government agency or government affiliate. SMA assists in the document preparation, communications, and negotiations with your Mortgage Bank in the attempt to acquire an approved Loan Modification
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Lawyers for Consumers
Loan Modification Alaska
Alaska Loan Modification - SMA - all rights reserved Lawyers for Consumers
