Loan modification is a process that allows homeowners and lenders to change the terms of a loan in order to help the borrower stop foreclosure and often times stay in their home. A loan modification is NOT a new loan. It is the renegotiation - or loan restructuring - of an existing mortgage note. For homeowners behind on their mortgage, or those with a low credit score, a loan modification is often the only option available because they are unable to get approved for a mortgage refinance or a short-refinance.

A loan modification can be done in several ways or combination of ways listed below:

• the loan's interest rate may be decreased
• the interest rate could be changed from an adjustable to a fixed rate
• the period of time the borrower has to pay the loan back can be lengthened
• the type of loan could be changed altogether

How do I get started?

Phoenix Home Rescue will start the process with a short interview that will give us a clear picture of your situation.  Next, we will go to work to help you keep your home.  After examining all options, we will contact you and review your options.  Then you can make a decision on how to move forward...you're always in control!

At Phoenix Home Rescue, in some cases we're able to help you work with your current lender to adjust your current mortgage.  While not always successful, you'll find the experts connected to Phoenix Home Rescue will do everything we can to keep you in the home.  If this is not successful, we will help you sell your home, at no cost to you, prior to foreclosure.  The last thing you want is a floreclosure on your credit report.

Call us at 623.238.3875, email us or fill out the form above TODAY to get started!  If you're already behind in your house payments or going to fall behind, you need to ACT NOW to stay ahead of the foreclosure.

Lynn will schedule some time to talk to you about your situation. As a CDPE designee, Lynn knows the right questions to ask to see if a short sale is right for you.

Contact Lynn today! 623.238.3875