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Loan Modification with ARM
I have been given a dollar amount to reinstate this mortgage which is roughly $9515.00 or I have the amount of $13,400.00 if I reinstate the mortgage one month later. Ideally, my goal would be to bring this loan current through a loan modification and have the loan's current high interest rate of 8.5% lowered to both a lowered fixed percentage rate also eliminating the Adjustable Rate Mortgage (ARM) that continues to escalate. this loan has changed hands in companies several times and it has been frustrating to not receive adequate assistance in the process. I have already attempted a year ago to complete a loan modification on this loan. I would appreciate any assistance. Thank you for your time and kind assistance in this matter.
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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.