Homeowners stuck with an adjustable rate home loans may apply for Modification.org’s loan modification program. This home loan modification program ensures a low and affordable payment.  Modification.org is relentlessly trying to remove the high risk adjustable rate loans due to a high default rate. Our loan modification programs seek to replace these risky loans with low, fixed rate programs.  

There are some basic eligibility criteria for home loan modification services and is applied on Principle residence only. It is applicable for Single family homes or condos. Another qualification is that the debtor’s debt ratio must be 45% and must not exceed 45% of the gross monthly income. By principle residence, it means that you live in the home as your primary place of residence.  Some of our home loan modification programs only call for stated income applications.

We have designed one home loan modification program to remove deferred interest. This program features the note rate at the rate of 2 percent for one year and 4 percent for the second year. For debtors with a payment rate greater than 2 percent, another promising loan modification features a 2% payment rate for 2 years.  This alternative will allow for continued deferred interest and is a short-term measure to help the homeowner recover from financial problems by offering a low, interim payment.

If you are unaware of the home loan modification service, you can learn about your loan workout options by browsing our site.  Our financial experts are accepting loan modification applications from homeowners who are looking for an alternative to foreclosure.  Try to find out more about the loan modification process, as it could be the answer you are searching for to save your home.