"I struggled so hard to buy my home for me and my children and thought I got a good deal on a loan. But then I found out that the loan amount was going to go up each month. I wasn't able to afford the new payments. I had gotten a new job after being laid off, but my new job didn't pay as much as the old one. I was really figuring that I was in trouble. I wanted to save my home from foreclosure, but didn't know how. I called 1st Foreclosure Prevention and they treated me with compassion and respect. They knew all about the law, too, and how to stop foreclosure. They gave me a totally free foreclosure evaluation and explained all my options to me. Because of them, I was able to save my home from foreclosure."
"We were like most other folks, I guess. Facing the foreclosure process and losing our home because we were out of work and owed too much on the property. You always hear about this happening to other people but never think it would happen to you. We were just going along with everything, trying not to think about it, but then my husband got an idea to call 1st Foreclosure Prevention - a company he had heard about that could stop foreclosure from happening. I figured it was a scam of some sort, but after we both got their free foreclosure consultation and found out about their company, we were impressed. We weren't like most other folks, at that point. We had foreclosure help and were able to stop foreclosure from happening to us."
"We were really behind on our mortgage and getting calls all of the time from the lender who wanted their money. We didn't know what to do and thought that we would have to go through a foreclosure. We knew that this happened to other people, but didn't think it would happen to us. But I had been sick for a while and off work. The medical bills took all of our savings and we even had to refinance to pay off the hospital. We contacted 1st Foreclosure Prevention and were really impressed with their service. They were able get the calls to stop as well as the foreclosure process while we worked with them on all of our options on what we wanted to do. We decided to sell our home and move on. Thanks to them, we have another home and are not struggling any more."
"I was going through a divorce and was about to lose the house. I didn't want to keep the house but I didn't want to go through the foreclosure process, either. But I had no idea that there were other options open to me in my state until I contacted 1st Foreclosure Prevention. I talked everything over with a very nice loss mitigation specialist and they gave me a personal and free foreclosure consultation. They were able to actually stop the foreclosure process and I was able to stay in my home until it was sold. After the divorce, I was able to buy a new home for myself and my children."
"I'm really glad that 1st Foreclosure Prevention was able to help me with my mortgage problems. I was already in the foreclosure process when I called them for a free foreclosure evaluation. They were really nice and explained a lot of things to me that I didn't know, including how to stop foreclosure. I didn't even know that I could do that! They were able to work out a deal with my bank so that I was able to keep my home and pay less on the mortgage. Now I am able to afford my home and even save a little money, thanks to this company. I can't say enough good things about them."
"When we refinanced our home, we didn't think that we would be facing the foreclosure process. But there we were - after 15 years in our home, going through a foreclosure because we couldn't afford to pay the mortgage. We refinanced to get money out to finish the basement, but then I lost my foot in a snowmobile accident. I was laid up for a while and the bills mounted. Then we found that the mortgage payments were actually going up! After 15 years in the same place, it can be really tough. But my wife called 1st Foreclosure Prevention and they helped us out. They gave us free advice on how we could stop foreclosure and what to do. We were able to save our home from foreclosure with their help."
Home / Are You Having Trouble Making Your Mortgage Payments?
Are You Having Trouble Making Your Mortgage Payments?
Before you think about foreclosure, learn about the Making Home Affordable Program, which is part of President Obama’s Financial Stability Plan. You can get mortgage help in a number of places, so before you give up, make sure you look at programs the government has put in place to help stop foreclosure.
What is the Home Affordable Modification Program?
The United States government is finding new ways to help avoid foreclosure for millions of homeowners. The plan, called the Home Affordable Modification Program, allows for loan modification at a reduced interest rate, as low as 2%, in order to prevent foreclosure. $75 billion dollars have been set aside to help homeowners in need during these tough economic times.
How Do You Know If You Are Eligible?
The Obama Administration estimates that up to 9 million American homeowners will be eligible for loan modification. The Home Affordable Refinance Program could help up to 5 million homeowners with Freddie Mac or Fannie Mae loans refinance and reduce their monthly payments. The Home Affordable Modification Program will help up to 4 million Americans prevent foreclosure.
The best way to find out if you are eligible is to speak with a loan modification specialist familiar with FHA programs. In general, homeowners who have a hardship should be eligible for a loan modification on their current mortgage with interest rates as low as 2%. The house must be owner-occupied and be the owner’s primary residence, not an investment property.
How Can You Get Approved for the Reduced 2% Fixed Mortgage Rate?
Make sure you speak to a reputable loan modification consultant so check if you qualify for the program. If you think you might not be able to make a payment in the near future, or even if you have not been able to make your mortgage payments on time, there are still a number of loan modification options to choose from. Even borrowers in bankruptcy may still be considered for modification.
