A loan modification is an agreement between homeowner and lender to assist the homeowner in mitigating the financial hardship that would otherwise cause them to default and cause the home to go to foreclosure. Loan Modification is a loss mitigation service through which, ideally, a win-win situation is created for homeowner and lender, allowing the homeowner to remain in the house with more amenable loan terms, and preventing a greater loss to the Lender or Servicer that would arise were the subject property to be sold as a foreclosure.

As incentive to homeowners who are facing financial hardship to remain in their homes and to continue making their mortgage payments, lenders may agree to a mortgage loan modification that will lower the interest rate of the loan, the payment, extend the loan term, or even decrease the amount owed on the loan (balance reduction). As modifications are hardship based, homeowners in some cases achieve interest rates far lower than possible through simply refinancing.

Across America, foreclosure have reached an all time high and facilitated the collapse of the formerly booming housing market, ushering this period of recession and crisis. Lending banks are very much interested in helping homeowners achieve loan modifications to stop the ever increasing losses due to foreclosures. For more information, speak with your lender regarding the loan modification programs that are available to help you avoid foreclosure, or contact a HUD Counselor.

In some cases, legal representation and advice is necessary to help achieve a loan modification, and Loan Modification Zoom can represent you in the battle to save your home. In addition to providing useful and pertinent information to homeowners in need of mortgage help, we can provide an objective look at your financial situation and help you negotiate a mortgage loan modification. It is important to note that Modification Zoom is not a Government Agency, and does not work for your lender. We are retained by homeowners and work for homeowners. With a 97% success rate on loan modifications, we can guarantee our services and our ability to help homeowners to save their homes and achieve financial stability, or we will refund all 100% of monies paid.

Loan Modifications are not a cure-all, but can lower monthly mortgage payments significantly; many of our clients we have saved multiple thousands of dollars monthly. If you are a homeowner who is considering whether a loan modification is right for you, it is suggested that you review as much information as you can on loan modifications and loss mitigation, and you are more than welcome to use this website as a resource, or contact us toll free at (866) 760-9099 for free advice regarding your personal financial situation.