The anticipated foreclosure prevention program that was released by President Obama targets 9 million borrowers for help. Are you included in on this program? Here’s how you will know if you qualify.

The package is a $75 billion effort known as the HASP, which provides two basic solutions. In one, the government offers help to homeowners to refinance their houses and to take advantage of the low interest rates. That is if, you are eligible. The second, is the concept of mortgage modifications that gives incentives to lenders and other vast companies to restructure people mortgages to a more affordable plan. The official report won’t be released until March 4th, but here‘s some brief information to see if you can be a part of this.

If you are looking to refinance then this portion of the package is for those who kept current on their mortgages. If you’re a homeowner that has been swimming in your mortgage, owing more than what your house values then you will most likely not qualify for a refinance. That is, unless, there is at least 20% equity on your house or you have an FHA loan. Even homeowners that exceed at least 5% of their home value could qualify. There will also be no prepayment penalties. The Obama administration anticipates this will help about 5 million homeowners get lower interest rate mortgages.

The second option is mortgage modifications. Homeowners that are about to default on their mortgage may qualify for a mortgage modification. Also anyone with debt, such as car loans and credit cards that exceed 55% of their income, may still qualify. However, they will have to accept the fact that they need to seek debt counseling through a certified program. If qualified, your lender will reduce your monthly mortgage payment to at least 31 (percent?) of your gross income. The perk for this program is that borrowers could get up to $1,000 a year for five years to help make their payments on time. President Obama has estimated that about 3 to 4 million people could benefit from the new mortgage modification program.

Who’s not eligible? People that bought a home for strictly investment purposes. Also if you were irresponsible on your borrowing, like many companies have been with their bailout money, you will not qualify. Stay tuned March 4th for more details on how this plan can help you.

Anyone facing foreclosure might be surprised if they heard the following from their lender: “This hurts us as much as it hurts you.”

But banks are losers when a borrower goes into foreclosure. They are not in the real estate management business. It not only costs them money to maintain a property and sell it (probably at a loss in this market), but the process of foreclosure itself is costly, involving staff and attorneys they need elsewhere.

Even if a borrower is 30 or 60 days late on their property, a bank is open to halting the process. But few homeowners in default know how to navigate their way out of it. Hence, the rise of loan modification specialists – people with legal, real estate and financing expertise who work on behalf of the borrower.

Loan modification consultants help their clients stay in their homes — through a mortgage refinancing at affordable interest rates or other terms – in a loss mitigation process. Reputable firms charge an upfront fee – under $500 in most areas, sometimes as low as $300 – to handle the paperwork and negotiate directly with bankers to recast the loan. Before taking on a case, they can determine the chances for success such that the distressed homeowner need not invest anything without a high degree of certainty of success.

You hear it on the news, see it on T.V., hear people talking about, no one seams excited or happy. Mortgage problems are a very sensitive problem. If you think loosing your house is bad, just think of how much worse it is when you are letting your whole family down. People are going into foreclosure left and right. Business are going down as well. Lenders and banks are eating all this up. This is a gold mine for them. Something you may not know is your lender may be cheating you. You may be paying them every month for things you were unaware of. Don’t put someone else in a new Mercedes when you are loosing your house. Not the best way to spend your cash.

Here at the Mortgage Help Center we have Lawyers and Negotiators can find discrepancies in the original loan application. Something you may have overlooked. We can use this against the lender to lower your interest rate. You may be thinking. Hey! I can do this myself. You may be able to this yourself but it would be filling a cavity instead of having a dentist do it. We have Expert Lawyers that do this everyday. Just to let you know, your lender has lawyers on staff, you should have someone fighting on your side too.

Loan contracts are lengthy and hard to read. Don’t let someone take advantage of you and make you pay for something un-needed. We are here to help you get out of your mortgage issue. We have a 98% success rate with the cases we handle. We are also the only company in the industry to offer a 100% money back guarantee. We ensure quality assurance that you will expect mortgage relief.

If you are facing foreclosure we want to help. We can often show the bank or lender that the cost for foreclosure will exceed that of letting you keep the loan at the new terms we propose to them. This ultimately works in your favor. Give us a call today, we are ready to help.

Mortgage financing might not seem a likely option if you have lost your job, have bad credit, or a home that’s “underwater” – worth less than what you owe on your adjustable ARM mortgage.

But in fact none of these circumstances mean you can’t recast the terms of your mortgage. Because of federal loan modifications initiatives, mortgage refinancing is now possible. Why?

• Banks don’t want to own houses. They’d rather keep you as a mortgage-paying customer over many years.
• The economy overall suffers when people lose their homes. Society is more stable when people own, and still have money leftover to buy other goods.

This is why loan modifications are the new and effective solution for many people. It’s possible to negotiate terms on your own, but many housing advocates are encouraging homeowners to engage a third party, an independent loan modification company that is expert in negotiating with banks. They know where banks are coming from, the terminology and the paperwork process. They charge you a one time fee – look for around $300, a reasonable amount that enables them to make some money without soaking you in your sometimes-desperate situation – and will only take your case after examining your situation and circumstances.

So yes, there is a way to get mortgage refinancing, to stop foreclosure, to work with hard money lenders in ways that enable you to hold onto your home – despite problems with income and credit.

A few minutes spent investigating your options today might mean years of emotional satisfaction in the home you already own.

If you are “underwater” with your home mortgage – you owe more than you can possibly get from selling your house – it may seem like a desperate, no-win situation. Add to that in all likelihood, you cannot find a buyer anyway in this market.

But IF you could hold onto your house, if you could find a way to lower your monthly mortgage cost, chances are that house will regain its value and then some at some point in the future. Historically, real estate increases in value over the long term.

You would do best over time to hold onto that house. You need to recast the situation. You need mortgage refinancing, a loan modification plan.

So here’s your good news for today. Federal loan modifications are being worked out. Banks are open to figuring out ways for you to stay in your home. Why? They don’t want to own properties that are hard to sell. It costs them money to manage and sell homes – it’s not the business they are in. And they lose a customer – you, the borrower.

Still, the hassles of dealing with faceless mortgage companies is intimidating to most people. The guy or gal at the other end of the phone line has been dealing with desperate people all day long for months. Emotions run high and it’s hard for both parties to comb through the details.

These all add up to good reasons to engage with a loan modification program. They are legally and financially qualified counselors who become your advocates, experts who can assess your case before taking you on because they know what will and will not fly in renegotiating terms with a lender.

Be sure to work with loan modification specialists who can make these promises: no money down until their attorneys decide to take your case, that they work with a money back guarantee, and fees are reasonable (around $300 for a complete refinance loan package).

Have you been troubled lately with a loss job, any medical conditions, or a loss of income? You may want to consider modifying your current mortgage. A mortgage is probabally a homeowners biggest expense. A few years back the housing market was booming. Now things are running a little different. People are now realizing that thier houses arent worth what they thought is was. We have people comming to us all the time talking about how much thier house use to be worth and how much it is actually worth now. Many people find themselves wrapped up in a situation that only a trained professional can get you out of. Many people may not even know if they are in a bad situation or not. Now is the time to look at your house’s current value, then look at how much you are paying. If you are making payments for more than your house is worth, you may want to consider getting a loan modification.

We feel very confident about our program and its effectiveness. We have a 98% success rate. We are the only loan modification company that can offer a 100% money back garauntee. We are very confident in our program. We have helped save homes for families all over the U.S.

We take great actions in lowering your mortgage peyment. Many people may not know that lenders make contracts lengthy and sensitive to for the simple fact that most people don’t catch thier sneaky verbage. We find mistakes in your original contracts. We use the mistakes to your advantage in negotiating the contract with the lender. Which is why we are here with lawyers and negotiators to work a solution that is good for you and the lender. Not a solution that only works in the lenders favor. We work with your bank to lower payments and interest rates. You can definetly expect mortgage releief with our company. Give us a call to see what we can do for you.

So you have been thinking about getting a loan modification? There is no better time than now. The economy has been rough lately. The housing market has been horrible the past few years. Not many people have the direction to say on track with their mortgages. Many lenders may be taking advantage of your contract and you may not even know! This is why we are here to help you modify your mortgage loan. Our duty is to make sure your mortgage contract is reasonable to your income. You may be paying more for your mortgage than you are comfortable with.

We help people that are behind on their mortgages, late, or delinquent. Or you simply believe your house equity is less than the mortgage you are paying. We are here to help. You need professionals that know what they are doing and can move forward with the proper actions.

We have Attorneys and expert negotiators that negotiate with your current lender to keep your loan. We work with your current bank to lower interest rates and ultimately lower your payments.

To start out we run a forensic Audit. We look for the slightest mistake or error in your original loan application. One of the things that we can find could be a mis-initial. Many times lenders aren’t very clear on their contracts which is why you may be in this predicament in the first place. You need someone with experience in this field. Or success rate is 98%. This is truly amazing. We have been able to successfully help families all over the U.S. overcome their mortgage troubles.

Lenders want to get as much money as they can from their borrowers. Which is why they have lawyers on staff. You need somebody fighting in your behalf to make sure your mortgage is fair and works with your lifestyle. Everyone knows it is stressful to have some lender pushing you around with big contracts and endless documents to read. They will not tell you if you are interpreting the contract wrong. The lender in this case would reek the benefits. We want to give you a professional opinion, that will result to your mortgage relief. To the average person or even above educated individual, can in some cases be pulled into a contract blindly accepting terms they cannot for fill. Which is why the Mortgage Help Center is here to help. Give us a call today to see how we can help you.