For most of the people, their mortgage interest payment is one of the largest financial obligations that they need to pay every month. Failing to make payment on time leads and going into foreclosure and losing their property that they have been paying for years. Instead of losing your valuable and dreamed property, another option that you can take is doing a loan modification. Loan modification is a process that allows you to change the earlier agreement so that you can pay your debt easily. Approaching the loan modification specialist is one of the best ways to make your loan modification more successful.
Independent Financial Center, an independent firm is dedicating to help people in making their loan modification more successful. There are various things that you need to take into consideration in order to make the debt easy to handle. We have a great team of skilled and knowledgeable loan modification specialist who know all the ins and outs of loan modification. This will enable us to provide our clients excellent services with 100% satisfaction.
We believe in providing one-to-one services to ensure that each client can get beneficial loan modification services. Our loan modification attorney work with clients from starting to figure out his/her modification goal, financial situation and also handle negotiations to provide the best plan that is easy to handle and also comes at low interest rates.
Our professionals work from your side to collect all the documents as well as effectively handle issues that occurs during loan modification. With years of experience in this field, we are able to provide best personal loans solutions under the assistance of experts. With the availability of expert guidance and excellent programs clients can get benefits of lower debt rates, unlimited loan options, maximum lender participation to lessen the chance of loan rejection.
We have referral relationship with majority of leading lenders and do not take any direct charge from applicants. We work through DU Refi Plus solutions, Home Affordable Programs, Obama Refinancing and HARP 2.0 to make the process of refinancing easy and successful.
Our services are not limited to loan modification, we will also provide excellent solutions for mortgage HARP, reverse mortgage and short sales. Our expert teams of attorney are available all around for your convenience and comfort. Just send us an email with detailed information and directly call our friendly and courteous professionals to get the best assistance for loan modification, short sales, home loans, reverse mortgage and HARP. To become one-stop-place for people for getting excellent financial solution is our main goal.
If you have any query related with our services, feel free to contact our professionals at (800) 682 8875.
Known as HARP 2.0, DU Refi Plus or the Obama Refinance Program, the Home Affordable Refinance Program is
designed to assist homeowners in refinancing their mortgage when the value of their home has declined, making
traditional refinancing no longer an option.
Key Benefits Include:
· Unlimited Loan-to-Value Restrictions
· Lower Banking Fees & Rates
· Owner, Investment, Second Homes OK
· 30, 20 & 15 Terms Available
· Less "Red Tape"
· More Lender Participation
According To Fannie Mae's website:
Home Affordable Refinance Program (HARP) Enhancements: In October 2011, the Federal Housing Finance
Agency (FHFA), Fannie Mae, and Freddie Mac announced enhancements to the Home Affordable Refinance
Program that make it easier for lenders to refinance HARP-eligible mortgages. Fannie Mae released details
about the changes on November 15th, 2011.
A critical part of Fannie Mae's role in the Making Home Affordable® Program is the Home Affordable Refinance
Program (HARP), available for refinances of existing Fannie Mae (and Freddie Mac) loans. The goal of the
refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible
homeowners suffering from falling home prices."
The expectation is that refinancing their mortgage will put responsible borrowers in a better position by reducing
their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only
or short-term ARM) to a more stable product. Our solutions provide mortgage refinances with no limits on LTV, and
mortgage insurance flexibilities.
In proposing the new plan, the president acknowledged that efforts initiated in February 2009 hadn't worked as planned:
"The housing plan we launched a couple years ago has helped nearly 1 million responsible homeowners refinance their
mortgages and save an average of $300 on their payments every month. I'll be honest -- it didn't work at the scale we'd
hoped. Mortgage rates are as low as they've been in half a century, and when that happens, homeowners usually flock
to refinance their mortgages. But this time, too many families haven't been able to take advantage of the low rates. Falling
prices locked them out of the market." Home values have declined in many states since the peak in the housing market.
According to CoreLogic, over 10.7 million mortgages are underwater. Underwater mortgages, particularly with higher
than average interest rates, have proven to be more likely to default. In an effort to stabilize Las Vegas home prices and
decrease foreclosures, HARP 2.0 is designed to help borrowers with negative equity refinance into traditional loans.
Recent changes to the HARP Program removed the maximum percentage amount that a property can have an underwater
\mortgage. Prior to December 1, 2011, the maximum amount that a property could be underwater was 125% of the loan balance.
This means that if a property is valued at $100,000, the maximum that the mortgage being refinanced would be $125,000 or
125% of $100,000. This would also be referred to as 125% LTV or loan-to-value.
In addition to eliminating the cap on Loan-to-Value, the program has reduced or eliminated many additional fees to refinancing
that were previously in effect.