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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 these firms will honestly try to help while others are just preying on those who are desperate. Of course, you’ll need to do your due diligence before hiring a company and there are a few things you’ll need to look out for when talking to a sale rep for any of these firm. Remember, sales rep are simply trying to make a sale so they can make their commission or meet their quota. They are not the same individuals that are handling your file. Therefore, they will say everything you want hear to make the sell. If you are shopping to find the best firm to help your situation, WATCH OUT! You could be sold to the biggest liar…the one that promises you everything. You could be out $3000+ with little or no chance of getting a modification.
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Mortgage 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... -
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