Archive for the ‘loan modification programs’ Category
Call of the Wild - Do We Need A loan modification program.
Duration : 0:5:48
More and more borrowers are reeling under the fear of losing their homes to foreclosure. The number of foreclosures has increased noticeably following the mortgage crisis. In order to restore the mortgage market, Obama Administration intervened and introduced mortgage bailout program commonly known as Making Home Affordable Plan. Under this program you can either opt for loan modification or mortgage refinancing depending on the program you qualify for and also your requirement.
The loan modification and the mortgage refinancing program offered by the government were expected to help as many as 7 million to 9 million homeowners. However, as it had limitations, the program failed to meet the needs of the homeowners.
However, both loan modification and mortgage refinancing are 2 very good options that can save your home. It is important to understand the difference between the 2.
What is mortgage refinancing?
When you are opting for mortgage refinancing, you are paying off your existing mortgage with another mortgage that has better terms and rates. Mortgage refinancing will allow you to use the same collateral as you were using when you had taken out the first mortgage. However, when you refinance your mortgage, you will be required to shell out fees that may include –
• Escrow fees
• Title fees
• Appraiser fees
• Lender fees
• Taxes
Refinance your mortgage to enjoy better terms
In majority of the cases, mortgage refinancing is opted for by homeowners to enjoy lower interest rates, increase the loan term and enjoy better terms on their mortgage. This also makes mortgage payments more affordable. You may also opt for cash out refinancing that can help you pay off your other debts if you have some equity left in your property.
Are you eligible for mortgage refinancing?
If you want to opt for mortgage refinancing, you need to have a stable income, enough equity in your home and a good credit rating.
Loan modification or mortgage modification
Loan modification is when you and your lender agree to modify the existing terms of your mortgage so that your monthly mortgage payments are lowered thereby making it affordable. When you opt for loan modification, your lender may help you in 3 ways. He will either switch the existing interest rate from ARM (if you are currently paying as per ARM) to fixed-rate mortgage, increase the loan term or reduce the principal balance. However, you need to prove that you are facing financial hardship and it is difficult for you to make the monthly mortgage payments. It is less expensive than mortgage refinancing and doesn’t take your credit score into account.
Freedmont Mortgage CEO Carl Delmont explains how popular “loan modification” programs are often scams that are too good to be true, and how “short-selling” your home could give your bank the ability to garnish your wages.
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http://www.loanmodificationsoftwaresite.com loan modification Software 100 % developed for the loan modification business. Video SX3 Loan Mod Software Create an et Record Call for demo 888-3161274
Duration : 0:0:11
Finding the right modification software can be a difficult process. Therefore, knowing the benefits will allow you to make the right decision. Casi Mod Loan Modification Software is designed to ist you from start to finish.
One of the many key factors of Casi Mod is the Home Affordable Modification Plan (HAMP) analyzer also known as the Barack Obama Plan. Did you know that a non-delinquent home-owner can apply for a mortgage modification? They do have to qualify based on net income prior to consideration.
Note: The Lender cannot solicit a non-delinquent home-owner.
Casi Mod Loan Modification Software has been adjusted to be fully compliant with the HAM program. Mortgage insurance is deducted from the mortgage payment prior to modified payment analysis.
Secondly, for none government loans simply click on the analyzer to design your modification terms by setting your target debt ratio and selecting the terms. From the Modification Worksheet, select Mod and then select the program available closest to the debt ratio you are targeting. Upon selection, all applicable terms are automatically set on the Modification Worksheet.
A loan modification software should actually do something for you other than creating nice looking forms and tracking. Our focus is to deliver a software that will ist you with managing, selling and processing. Therefore, if you are looking for a software that will ist you in all aspect of your modification business Casi Mod will be highly beneficial for you.
To learn more
call 714-420-6148
email us at casimod@casimod.com
http://www.casimod.com
Duration : 0:0:39
http://www.60MinuteLoanModification.com – FREE CD shows how I modified loans on all 5 of my properties. My simple system helps you beat the bank, lower your payments, and save your home. CLICK the link above to learn more
“I Can Help You Save Your Home!”
Duration : 0:2:20
Casi Mod 4.0 Edition
Sales
Casi Mod 4.0 will allow you to engage the client from the first call with its powerful prospect information screen. With minimal information from the client, the user can view and determine the possibilities of attaining a loan modification. Once an application is completed, loan modification package is automatically populated, ready to be sent and signed by the client. From the application, lender specific worksheet, retainer agreement, etc., all is done with just a few clicks of a mouse.
Processing
Processing a loan modification is a breeze with Casi Mod. While viewing the loan modification worksheet you can easily view the clients detailed income, debts, net worth, debt to income ratios, and disposable income all in one screen. While making corrections on the proposed term such as interest rate, amortization term, principal, etc. the ratios as well as the disposable income will automatically be recalculated for you. Once the correct loan modification program is finalized; moving forward with the submission is again done with just a few mouse clicks. A submission package will be automatically created ready to be sent to the banks by email, efax, or print along with all the other stipulations.
Client Updates
Updating a client has never been so simple. Once submitted to processing; when an administrator, processor, negotiator, or attorney views the file or create new notes it will automatically time and date stamp the processing log. Therefore, this will allow the user to send updates to their clients and give them history of what has been done as well as the current stage the file is in. In essence, this function will give your customer the urance that they have made the right decision by choosing with your company.
Management
Supervising your companys production just became effortless. Casi Mods management dashboard will allow you to view your companies production at all times. Stop searching for files and wondering what happened to your prospects. Stay aware of every file that your agents work on with intuitive reporting mechanisms and messages delivered by this loan modification software.
From sales, processing to management, this is truly the most valuable tool that can ist your company with all your modification needs. Casi Mod, designed to put all your administrative responsibilities on the back end so that your staff can do what they do best.
From sales, processing to management this is truly the most valuable tool that can ist your organization.
Contact Us For A Live Web Demo
Email: mdelrosario@msalesinc.com
Phone: 714 420-6148
www.casimod.com
Duration : 0:1:25
Visit http://www.bestmortgageloanmodification.com for more info. We will check to see if you qualify for any government backed or FHA refinance programs, even if you are upside down. If not, we can pursue a loan modification. We pre qualify you, ckeck your loan docs for errors and speak with a case manager at the lender to see if you will qualify.
Visit out site today!
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This video is a short description of the loan modification service that CATALINA mortgage loan modification offers. Feel free to visit our website at www.catalinamortgagecentervpweb.com . Or, call our toll free number at 800-715-7172.
Duration : 0:2:59