Many homeowners with the 2/28 and 80%/20% purchase loans are having a pay rate adjustment of 28% to 60% and many a homeowner can’t handle the new payments and will not qualify for a new mortgage loan.

They have one chance to keep their home: a mortgage pay rate reduction. Mortgage rate reduction programs are not simple to get approved, however, we have a 99% success rate on loan modifications or work out programs. Our pay rate reduction success rate is approximately 70%. That means 99% of the time we can get you out of foreclosure and “current” on your mortgage loan, and 70% of the time, we can actually get your mortgage payment or mortgage rate reduced permanently, as long as we have time to negotiate with the mortgage lender.

The key to our 99% rate of success is constructing a financial plan that you and all your lenders can approve and, most importantly, that you are able to afford. We work with you to compose a hardship letter that describes why the problem occurred and, the good news, why it won’t happen again.

In a pay rate reduction plan, we construct a financial plan that considers your current income and details a list of your monthly expenses. We make recommendations to improve your budget and cash flow (on paper and in real life) so your income exceeds your total monthly expenses each month.

Warning: Homeowners that try to work directly with their lender have a failure rate of over 80%. Even attorneys don’t represent themselves.

We cannot help you if you have not solved the problem that caused the delinquency. Often we can help you solve the problem by restructuring your finances and get you into a mortgage pay rate reduction plan.

We cannot accept you as a client for negotiations until the problems that caused the delinquency have been solved.

The lender wants to see a provable relationship between your income and expenses that will ensure them and the federal regulators that you will be able to make your payments in the future. But don’t worry, we can help put a workable plan together for you as long as you have some income to work with.

To get started on a Loan Modification case, simply print and sign the Retainer Agreement and return it with a cashier’s check for the appropriate amount. We will follow up with you on what documents we need.