Home Mortgages Refinance: How to Qualify

If you're having trouble making the monthly payments on your home, chances are you've already started looking for loan modification help. This is a great first step, but the reality is that not every homeowner can qualify for a home loan modification.

To see if you qualify to receive loan modification help, consider the questions below.

How long have you lived in your house?
Home loan modifications can only be made 12 months after the start of a loan.

Who lives in your house? Do you have more than one mortgage?
It's OK to have a boarder, but it's not OK to apply for a home loan modification for a house you don't live in. Loan modification help is designed to help people stay in their homes, not to cushion investors. Similarly, modification help is not available for vacation houses or other supplementary homes.

Have you experienced hardship?
Hardship might seem like a difficult thing to measure, but you will need to provide an explanation of how you got behind on your payments. This could be losing your job, having to take care of a sick family member, or a variety of other circumstances.

Will you be able to afford your new payments?
Although home mortgages refinance to lower your monthly payments, your lender will still require proof of income to ensure that you will be able to afford your new payments.

Let Us Handle Your Home Loan Modification

There’s a certain appeal in trying to do something on your own, be it changing a tire or installing new kitchen cabinets. But when you attempt such tasks without adequate experience, it can mean hours of wasted time without any tangible results. Negotiating a home loan modification works the same way – if you try to handle a loan modification without professional help, it’s easy to wind up over your head.

At www.WeFixMortgages.com, our experts have the skills and training necessary to help you avoid foreclosure and save hundreds of dollars a month on scheduled payments – just look at our success stories. We’ll examine your debt, present the available options, and help you chose the most favorable course of action.

Best of all, there is no risk in seeking professional loan modification help. We use an escrow service to protect our clients and will fully refund your deposit if we are unable to secure a loan modification. Plus, We Fix Mortgages offers free consultations, so that you can explore your options without any commitment or risk.

Loan Modification Help for All Mortgages

Every loan is different. Some involve variable interest levels, while others rely on fixed rates. Some last for ten or fifteen years, while others can span as many as thirty. If you’re interested in a home loan modification, you might be wondering if the specifics of your mortgage will affect your process. Do certain firms only handle certain types of loans? Will your original contract hinder your ability to avoid foreclosure?

At www.WeFixMortgages.com, we strive to advocate for homeowners paying off loans of all kinds, regardless of the circumstances. Whether your loan is adjustable or fixed, or your problems arose from poor budgeting or unforeseen events, we’re ready to fight to keep you in your home – even if you’re already in active foreclosure.

No matter your specifics, We Fix Mortgages is willing to provide a free consultation to help you come up with the home loan modification solution for you. With the right loan modification help, you might be able to lower your mortgage payments by 30 percent or more, in addition to having certain penalties and late fees forgiven.

How Loan Modification Companies Can Help

Are you considering a home loan modification? If so, you’re probably wondering: Will it really work? You might think you owe too much, have waited too long, or that your bank just doesn’t care. Fortunately, quality loan modification companies can help you refinance even under extreme circumstances. Want more proof? Check out the Recently Modified Loans page at www.WeFixMortgages.com.

We’ve summarized two of the most inspiring success stories below:

Success Story #1

If you think you’re too far behind on your mortgage to get loan modification help, think again. A recent We Fix Mortgages client was a full year late on his payments because of unemployment. WFM was able to halt active foreclosure and reduce his monthly payments by 35 percent, resulting in $657 of savings per month.

Success Story #2

Alternatively, some homeowners worry that they’re not behind enough to get a home loan modification, however even people who are current on their payments are often eligible for loan modification help. WFM helped one such client lower her monthly payments by 25%, slashing her monthly expenses by $555.