Loan Modifications Getting Eaiser

Mortgage banks are making the job easier to get loan modifications done. Banks feel they have something to gain if your loan is modified. Remember the HOPE Now and the FHA modification programs, they promised to help thousands, well to date they have helped a combined 600 people approximately. There is no need to believe that any part of the Presidents Mortgage package is going to be different. Think of all the government and state backed programs that you can think of, okay now, how many of those programs are operating the way they should or to your satisfaction. New Jersey introduced their own mortgage plan but can’t get it off the ground because they are not offering enough financial incentive to attract quality employees to facilitate it.

If the government spent even an hour with the people who actually need help and that are genuinely attempting to make a better life for themselves and their families, they would see the flaws in the system. The banks were not interested in helping the borrower when there was an incentive to add hundreds of thousands of dollars in interest to the bottom-line, why would they jump at the opportunity to get $1000 per person.

What it really comes down to is how bad do you want your home and how hard will you work to keep it. The job to keep your home is not going to be an easy task without an advocate in your corner. Banks will offer the most lucrative plan that benefits their budget not yours. To an unaware consumer this is the option that they may take without exploring better alternatives. Remember “don’t be a statistic”, get help, PROFESSIONAL help.