YOU MIGHT NEED A LOAN MODIFICATION IF.....

You might need a loan modification if you answer yes to any of the following.

1. You have missed 1 or more mortgage payments.
2. You are on an adjustable rate mortgage (ARM).
3. You owe more than your home is worth.
4. You are in foreclosure.
5. You have been turned down for a refinance.

If you answered yes to any of the above questions you should look at doing a loan modification.

A loan mod is a change in one or more of the terms of a loan allowing the monthly payment to decrease. Here are some facts of what a loan mod can do for you.

• Loan Modifications stop foreclosure and reinstate the loan that is being modified.
• This is a long term solution for rising interest rates or other hardships that are threatening to overwhelm the families budget.
• Adjusting the terms of a mortgage that make it possible for the family to make payments thereby staying in the home.

If this is something that you or a friend is facing have them contact a professional in this field. Going straight to the bank can end up costing you both time and money. Remember the lender is out to minimize his losses. One last comment;

You might need a loan modification if  YOUR LENDER HAS YOU ON SPEED DIAL.