OUR ATTORNEY’S WILL RENEGOTIATE
THE TERMS OF YOUR LOAN.

    WHETHER YOU ARE BEHIND ON PAYMENTS OR
    JUST PAYING TOO MUCH, WE ARE HERE TO HELP!!

If you have an Adjustable Rate Mortgage (ARM) that is adjusting or is about to adjust to a higher payment that you just cannot afford,  maybe a loan modification might be what you need. Most people think that they can always refinance their home to take advantage of today's historically low interest rates. Unfortunately, this is not the case. Here is why...

In order to refinance your home, any lender has criteria that you must meet.

     1) Substantial equity in your home. There has to be an 80/20 Loan-to-Value (LTV) ratio in your property. What this means is the loan will be no more than 80% of your homes total CURRENT market price.... 20% equity has to remain in your home. In today's failing real estate market, homes are losing value at historic rates. If you do not have 20% equity in your home, you may still qualify for a loan, but not at an affordable rate. Your loan will be at a substantially higher interest rate... one that you may not be able to afford OR the difference in cost MUST be paid out of your own pocket.

    2) 700+ Credit Score. Another factor that must be met is your credit score. Lenders are only offering those low advertised rates to those borrowers who have credit scores above 720. Anyone whose credit score is not stellar will receive rates with substantially higher interest or you may have the opportunity to 'buy down' your rate with the purchase of 'points'. Points were designed to buy your homes rate at a fee of 1, 2, or 3% of your home loan's value. For example, a $400,000 home with a 3-point buy down feature will cost the borrower $12,000 out of your own pocket! Just for the opportunity to have a lower rate. If your credit score is in the mid 600's or lower and your loan officer is still telling you that you will qualify... You are going to qualify for a loan from a private lender. Private lenders offer loans at rates that are much higher than ANYONE can afford.

So that is where We Save Homes Anywhere comes in. What we offer is a loan modification. What a loan modification offers is a fixed, lower interest rate and payment for your existing loan. We will be work to secure you a lower payment with NO EQUITY, NO CREDIT, NO QUALIFYING!! We work with your current lender to negotiate the best possible rate for you.

See what others are saying about loan modifications:

Chairmain of the FDIC, Sheila Bair- “Lenders should extend “teaser” rates on all subprime adjustable-rate mortgages if the borrowers haven’t missed any payments and they live in the homes, Bair said today in New York.

“With this type of cooperation from loan servicers, we can save tens of thousands of people from being added to the foreclosure lists. This common-sense approach does not involve a government subsidy or bailout,” said Governor Schwarzenegger..