logo_bankunitedBank United offers a number of loan modification programs that help homeowners retain their homes. Additionally, Bank United offers a plethora of other loss mitigation solutions, including Payment Plans, Short Sales, Deeds-in-Lieu of Foreclosure, and Waived Prepayment Penalties on option-Arm loans.

Regardless of whether or not you are late on your mortgage, we most likely can get you qualified for a loan modification with Bank United, in fact, if you are current on your mortgage it may be in your best interest to contact us prior to falling behind; falling behind on your mortgage payments can reduce your credit score as much as 100 points. You do not have to be behind on your mortgage to get a Bank United loan modification.

If you are currently late on your Bank United mortgage, don’t despair; you are a prime candidate for a loan modification, and we are here to help you!

A loan modification is an agreement between you (the homeowner) and your lender (Bank United) designed to decrease your monthly payments to an affordable amount to help you keep your home. Bank United has faced significant monetary losses over the duration of the last year due to foreclosures, and subsequently is quite motivated to help modify loans for deserving homeowners that can document a significant hardship, as well as the ability to repay their mortgage at a lower payment.

One of the most significant factors in getting approved for a loan modification with Bank United is having a legitimate and documented financial hardship that is the cause for your inability to make the high mortgage payments that you currently have, and will prompt Bank United to grant a request to modify your mortgage payment to a lower amount.

There are a number of acceptable hardships that will help your loan modification case. Some examples of Bank United acceptable hardships are reduction of income, unemployment, underemployment, job loss, decrease in self-employed income, death, illness, disability, increase in mortgage payment or other monthly household expenses, decrease in cash reserves, & excessive monthly payments to creditors.

Bank United now participates in the Making Home Affordable Program, meaning that it may be possible to modify your loan to an interest rate as low as 2% on a 30 year or 40 year fixed term. Here’s more information on Making Home Affordable Requirements & Guidelines.

We have extensive experience working with Bank United to help homeowners achieve fantastic results on their loan modifications, and welcome the opportunity to help you achieve a loan modification that will lower your payments hundreds, possibly thousands of dollars each month. In fact Bank United is quite responsive to Attorney qualified written requests.

If your loan is currently held by Bank United, it may be in your best interest to take a look at a loan modification as you most likely are paying more than you have to on your mortgage. Please take a look through the rest our website for more information on Bank United loan modifications, basic questions on the modification process, and the HAMP program. We welcome your feedback; leave a comment below about your experience with Bank United, or complete an application with us and we will contact you immediately.