YourHomestart.com A+ BBB | Bank Loan Modification

#1 Bank Loan Modification Misconception:

Lenders would rather foreclose than modify your loan.

Absolutely not. Lenders prefer to modify your loan(s) because foreclosure is a costly and time-consuming process. It is expensive for lenders to put your house on the market and re-sell your home. In addition, the declining home prices and competitive real estate market make it difficult to re-sell your home after foreclosure. Lenders want to create any solution where they can receive some payment. Homestart loan modification specialists will negotiate with your Lender new loan terms which will allow you to make affordable and consistent payments, resulting in an agreement to lower mortgage payments and interest rates. Many people qualify and consultation is free, take advantage of Homestart's trusted loan modification services and give us a call today, 858.581.1800.