HOW IT WORKS

A Loan Modification is modified terms made to an already funded/existing loan, in which a lender responds to a borrower's long-term inability to repay the current note. Loan modifications typically involve an interest rate reduction, fixed rate, or an extension of the length of the term of the loan. In some cases a different type of loan or any combination of the three may occur. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure.

A loan modification agreement is different from a forbearance agreement. A forbearance agreement provides short-term relief for borrowers who have temporary financial problems, while a loan modification agreement is a long-term solution for borrowers who will never be able to repay an existing loan.

The term “Loan Modification” is foreign to many homeowners but with the recent mortgage meltdown, it has now become the best option to help people remain in their home. Home foreclosure in America today is at an all time high and is affecting all Americans. Homeowners are feeling the crunch of higher interest rates and a slowing economy. A loan modification can help stabilize our financial system, while allowing a homeowner to save the biggest investment of their life, their home. Negotiating with the bank for a modification of your home loan can be an overwhelming and frustrating process, which is why retaining the services of an experienced Consumer Advocate rather than a loan modification company is of extreme importance. We are your voice. Our results are proven, not to mention we offer a money back guarantee.

The dreary reality of today's market in real estate values nationwide coupled with tighter credit requirements has prevented many homeowner from refinancing. If you are behind on your payments or have a mortgage that is ready to adjust, we will represent you and STOP that higher payment. It’s not a good idea to take on your lender alone, as they would prefer. The TLC Group negotiates reasonable terms that make sense in today's volatile economy. Many consumers are in the same boat, which is why we have fast become the voice of the consumer. People are struggling to make their mortgage payments and live worry free lives.

Most people try to refinance their high interest rate mortgage, only to be told they do not qualify, either because their debt to income ratio is too high, and/or their house is no longer worth what is owed. During the real estate market hay day, refinancing would be a simple solution. Although, it's always painful to pay the associated fees associated with refinancing. Therefore, this formula no longer works because of the drop in real estate values and the tightening of credit; one cannot recreate your past deal. The TLC Group will work to alter the terms of your mortgage with a viable workable solution between you and your lender so it's a win-win for all involved.

There is no more time to waste, indecision limits your options. Apply now by contacting the TLC Group today and get started on restructuring your mortgage.