Should I hire a loan modification company or do the loan modification myself? The answer is, YES!

Let me explain…

First, lets quickly go over what you can expect when hiring a loan modification company or a loan modification law firm:

1. They will collect $2000 to $5000+ from you upfront before beginning the process

2. They will ask for all of your personal information

3. They will fill out the modification application form provided by the lender

4. They will put the modification package together and forward the package over to your bank

5. They will call your bank periodically to check status until the modification has been completed

6. They will close your file once the bank approves or denies the modification

Sounds simple, doesn’t it? Keep in mind, the most important part of the process is how to fill out the application and how to put the package together. But, you are probably asking yourself “I don’t know anything about loan modifications, how can I do it on my own”?

Aurora Loan Modification

Aurora Loan Modification


The key to success is knowing how to prepare the loan modification package before presenting it to the bank. It’s not rocket science, but, you do need the proper information to maximize your chances of getting approved. LoanMod-Approval can tell you exactly what you need to do to give yourself the best chance of getting a modification.

Central Mortgage Loan Modification

Central Mortgage Loan Modification


Do you really want to put your home in to the hands of a firm that has nothing to lose? They’ve already taken your money and no one is going to work as hard as you to get a loan modification.

Don’t call your bank until you are fully prepared. You have the most to gain and everything to lose so, you must be prepared when you call your bank. Warning: Providing too much information to your bank can lead to a quick denial.

Bayview Loan Modification

Bayview Loan Modification

The fact of the matter is, you can either pay a firm $3000 and hope they are working your file, or, you can do the exact same thing for little or no cost to you. You also shouldn’t apply for the loan modification yourself without the support from a knowledgeable and experienced professional. LoanMod-Approval is the professional that will provide you with the information and instruction you need to properly underwrite and package your own modification application before you present it to the bank.

SPS Loan Approved Modification

SPS Loan Approved Modification

Post your scenario or send us your inquiry for more information.

info@loanmod-approval.com

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  • blog traffic exchangeLoan Modification: Mortgage relief or grief? What homeowners go through while waiting for their permanent modification... This article tells it all: Chase Modification Process Unfortunately, what this couple has already gone through is exactly what hundreds of thousands of homeowners across America...
  • mortgage ratesMortgage rates vs modification rates What interest rate are you qualified for? Well, that depends on whether you are trying to refinance or get a loan modification. I've spoken to many borrowers that are pursuing a loan modification because they...
  • Loan Modification ToolsLoan Modification firms don't modify loans, BANKS DO! When you do a search online or in the phone book for companies that offer loan modification service, you'll find that there is no shortage of companies and law firms offering this service. Some of...
  • MHA-trial-planMHA Trial Plan Most banks are currently offering loan modifications in one form or another and many are participating in the Government's MHA - Making Home Affordable modification program. Also known as the Obama Plan or the HAMP...
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4 Responses to “Loan Modification – Hire a firm or do it yourself?”

  1. thanks !! very helpful post!

  2. It’s always pleasant to uncover a new blog this fantastic I’ll be back here for certain!

  3. I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work Look forward to reading more from you in the future.

  4. modification says:

    Very nice information.

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