The home affordable modification program (HAMP) has undergone some changes recently. Rest assured, we are up to date on these changes and will be able to tell you if you qualify and get you approved if you do.
Here’s the major info with the home affordable modification program. Many lenders took money from the government and claimed to participate in this program, but hardly modified any loans. This is because the more defaults they had on their books, the more money they could get.
The government did not take kindly to this and basically told the lenders they were going to cut them off.
So now, you have Bank of America and other lenders announcing that they are going to start “aggressively” modifying loans under the hamp program… basically trying to spin this situation into a positive PR move for their company.
Many homeowners will still have major difficulties in getting approved for a hamp loan modification, due to the strict guidelines.
We have had huge success in modifying homeowners loans under the home affordable modification program guidelines and will continue to do so. Fill out our short form and find out if you qualify. If so, we can help you obtain the lower mortgage payment you need to keep your home.
It all comes down to the guidelines and we know exactly how to fit you in with your lender. In some cases, we have been able to negotiate a hamp loan modification with one phone call and the bare essentials of customer information. This means, you would get your loan modification paperwork sent to your home, without having to send in a huge packet of information.
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