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Indiana Mortgage Loan Modification Services CLICK HERE
Indiana’s high foreclosure rate, like much of the United States, is due to the high levels of unemployment brought on by the recent economic downturn. However while the foreclosure numbers are still very high, Indiana is actually seeing better numbers than it was experiencing in previous years when listed in the top ten foreclosure rates in the country. Although Indiana is one of the few states to see improvements in recent months, many residents are still struggling to make loan payments. If you find yourself in this situation, call
HOMEstart to discuss the possibility of a
loan modification.
A
loan modification is a permanent change in one or more of the terms of your loan in order to make payments more manageable. The purpose is to allow the borrower to meet the new terms of the loan, allowing them to prevent foreclosure.
Loan modifications can lower your interest rates, monthly mortgage payments and the principle balance. This benefits not only you as the homeowner, but it is also less expensive for a lender to modify your loan rather than going through the costly process of a foreclosure.
Lenders have recently been given extra incentive to comply due to The Homeowner Affordability and Stability Plan (HASP) which was created as part of President Obama’s 2009 economic recovery package. HASP is a plan to revive the troubled housing market by focusing on
reducing mortgage payments. Although the plan requires major lenders and banks to participate, the resulting losses lenders and banks incur would be refunded by Obama’s $75 billion HASP budget.
HOMEstart has established personal relationships with all of the largest mortgage lenders to expedite the loan modification process.
HOMEstart’s experience working in the loan modification industry since day one has provided them with great expertise in working through even the most “difficult applications” and terms. For all this and more, The Better Business Bureau (BBB) awarded
HOMEstart as an
A+ rated loan Modification Company. This A+ rating represents BBB's degree of confidence that the business is operating in a trustworthy manner and will make an exceptional effort to provide the contracted services, while also providing the highest degree of customer service.
For more information please visit
www.YourHomestart.com
