Did You Know: Loan Modification
- Gov't wants to help everyone in order to avoid foreclosures.
- You do not have to be behind on payments. In fact, you may even qualify for a
principal credit for being on time!
Check your eligibility using our eligibility tool which utilizes the eligibility guidelines/rules set by the government.
- Your interest rate may be reduced to 2% (yes two-percent) for 5-years, and then go back to the current market interest rate
as of the day the loan modification was signed, which means it will never be
higher then what today's rates are (and rates are currently at record lows.)
Loan Modification Education Center
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A Loan Modification Can help You!
- No Credit Check
- Clear Up Your Credit
- No Appraisal
- Lower Your Payment
- Avoid Foreclosure
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Welcome to Edit My Loan
EditMyLoan.com is dedicated in educating you, the consumer, with the latest information,
news and tips on how Loan Modification can help you stay in
your home (or keep your investment property). Our team of veteran mortgage
experts have over 50 years of combined experience in dealing with the banks. In
fact, some members of our team used to be mortgage underwriters themselves.
Our team is constantly on the lookout for new strategies in helping fellow
Americans to get out of this financial situation. As new strategies and tips are
conceived, our team immediately shares the information here.
Most people are eligible to obtain a loan modification. It depends on several
factors. At EditMyLoan.com, you can check if your eligible for a loan
modification by using our check eligibility tool.
EditMyLoan.com is your one-stop
information source for loan modification.
Whether you choose to do-it-yourself by
using our comprehensive tools, or you choose to get assistance from our veteran
experts, you will find that the help you you need is all available right here.
Are you struggling with your mortgage?
- Have you tried to refinance or negotiate with your bank but have gotten nowhere?
- Are you nervous because your arm is about to adjust and you can't afford the new
payment?
- Do you want to keep your home but don't know where to turn for help?
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What is loan modification?
Loan modification is a process that allows homeowners and lenders to change the
terms of a loan in order to help the borrower stop foreclosure. A loan modification
is not a new loan. It is the renegotiation - or loan restructuring - of an existing
mortgage note. For homeowners behind on their mortgage, or those with a low credit
score, a loan modification is often the only option available because they are unable
to get approved for a mortgage refinance or a short-refinance.
A loan modification can be done in several ways or combination of ways listed
below:
- the loan's interest rate may be decreased
- the interest rate could be changed from an adjustable to a fixed rate
- the period of time the borrower has to pay the loan back can be lengthened
- the type of loan could be changed altogether
read more
Testimonials
My loan was $450,000 with a 5/1 ARM of 6.5%. The experts at editmyloan, helped me lower my interest rate to 5.25% Fixed.
Arthur Grossman - New York - January 2009
I was what they call, "upside down". My loan was $350,000 and my house value was $275,000. EditMyLoan was able to lower my principal to $280,000.
Jennifer Lagnado - New Jersey - March 2009
With so many con artists and scams all over the place, I was hesitant to go with
any loan modification expert. EditMyLoan.com was recommended by a friend. They
provided me with so much information and help, that I was able to do the loan
modification myself.
Bonnie Tyler - March 2009
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