New Jersey Loan Modification
What is loan modification? It may just be the best thing to happen to New Jersey mortgage holders in a long time! With the shaky economy resulting in many lost jobs in NJ and nation wide, the financial sector realized something must be done to avoid all the foreclosures. The modification is a permanent change to one or more terms of your mortgages or mortgages. It allows for a reinstatement plan if you've fallen behind with your payments and is designed to scale your payment plan to where you can afford it. In other words, the modifications are designed to help you keep your New Jersey property and avoid foreclosure!
Does it sound too good to be true? The good news is that it's not! When it comes down to it, the bottom line is that financial institutions don't benefit from your loans going into foreclosure - they'll lose out on interest and have to deal with selling off the mortgaged property themselves. They would much rather have you able to to pay off your debts and loans and keep your New Jersey residence, since it guarantees a flow of interest for them and minimizes the hassles they have to go through. And it's certainly better for you as the mortgage holder if you keep your home!
No two loan modifications are the exact same, but the basic goal of the modifications is to modify the terms to where you're able to keep up with the payments. A home in foreclosure isn't going to earn the lenders any money and thus it's in everyone's best interests to make the modifications necessary to make the loan work. To guarantee you get the best rates available in NJ and that the whole process goes smoothly, it's best to trust a mortgage professional who can help you with all steps of the processs.
The form consists of only two steps, and we won't ask for any sensitive information such as your social security number or address at this time. We believe privacy is key! If you're unsure about something on the form, simply estimate to the best of your knowledge. We'll find the best mortgage professional for you, and you'll be contacted shortly!
And best of all? It's free! We won't charge you a cent to connect you with the best loan professional for your needs, and your privacy will be protected!
Currently covering all counties in NJ! From Absecon to Zarephath, from Atlantic county to Warren county, we'll find the match for you! We'll get you the best help possible, regardless of which part of New Jersey you live in!
First-time home buyer tax credit: Until April 30th, 2010
Step 1: Get started!
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