Loan

Modification

How it Works

When you are struggling and have fallen behind on your monthly mortgage payments you are at risk of losing your home. Depending on your situation you may be eligible for a loan modification.

Our skilled loan modification attorneys in Houston, Texas know the detailed process of applying for a loan modification, which can make it easier on you and your family to keep up with the mortgage during this financial downtime.

If you find yourself in this position we are here to help. Let’s first talk about Loan modifications in general.

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What is a loan modification?

A loan modification is any change in the original terms of a loan. A loan modification is not a refinance of your home.

Refinancing is replacing your existing loan with a brand new mortgage compared to a loan modification which simply changes the terms of your already existing loan.

A Modification is designed to bring your loan current and provide you with an affordable monthly payment by modifying the terms of your note.

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What is a loan modification?

A loan modification is any change in the original terms of a loan. A loan modification is not a refinance of your home.

Refinancing is replacing your existing loan with a brand new mortgage compared to a loan modification which simply changes the terms of your already existing loan.

A Modification is designed to bring your loan current and provide you with an affordable monthly payment by modifying the terms of your note.

The process of obtaining a loan modification can be long and daunting

The homeowner is required to provide the lender with updated tax returns, proof of income, credit report, proof of hardship, and any additional documents the lender may request. Our loan modification attorneys in Houston, Texas are equipped with the knowledge and know-how to help you with this stressful situation by taking care of everything for you.

Call us today at (832) 831-0833 and request a free case evaluation.

Why Choose Us?

You must be outfitted with the most up-to-date information before making any agreements with your bank. It is good advice to always speak to experienced loan modification attorneys in Houston, Texas before making any move or attempt to do this on your own.

Our skilled Houston loan modification attorneys at Jarret Law Firm, PLLC are equipped with the skill, know-how and expertise to guide you through this intricate and complicated process.

Our loan modification attorneys in Houston, Texas bring a powerful combination of legal and business experience and are ready to help you with your loan modification process.

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What Changes can be done to my loan?

There are various ways that a loan can be modified to help you with your monthly payments. The terms of the modification are up to the lender and your unique situation. Our loan modification attorneys in Houston, Texas are here to guide you through the process to a successful outcome.

  • Length of your term
  • Lower interest rate
  • Change from variable interest rate to fixed rate loan

A loan modification usually results in you having lower monthly payments. As a homeowner, these types of savings every month can quickly lead you to get back on track and positively life-changing.

Frequently Asked Questions

Can I do The Loan Modification myself?

Yes, you can but it’s more strenuous and time consuming than you think. Banks know this and know it can wear you down. Plus, the process is tricky at best and honestly best left up to an attorney who knows the ropes to be successful. Contact us immediately at (832) 831-0833 for a free foreclosure defense consultation or fill out our form.

Can a Loan Modification stop the Foreclosure process?

Your chances of getting a loan modification go way down the longer you wait. Applying for a loan modification can stop the foreclosure at least 45 days before the sale. Plus, no one can remove you from your home until the home is actually sold at auction. Fill out our free case evaluation.

Do you need good credit to qualify?
No, you do not need good credit. Mortgage banks and lenders require the following: updated tax returns, proof of income, credit report, proof of hardship, and any additional documents the lender may request for proof of debt-to-income ratio. Please fill out our free case evaluation so we can help you.

CONTACT US

We would be glad to look at your case and see how we can help you get some relief.
Call us at (832) 831-0833 today and schedule an appointment. We look forward to helping you!




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