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Loan Modification or Mortgage Modification is a process where the terms of a 

The Loan Modification Process

One phone call won’t get you relief, but it will get you answers.

Like millions of hard-working, home-owning Americans, you’re attempting to stretch your income every month to include all your payments and your home mortgage. Your also probably getting mail every day urging you to pursue a loan or mortgage modification. These letters typically come in brown, official-looking, pay-stub style envelopes with tear-away sides. They tell you help is “just one phone call away.” Don’t believe it.

Although help is not “just a phone call away,” Able Financial Solutions can get you started on your path to a beneficial loan modification with this type of first contact. Our tried-and-true system for securing advantageous loan modifications takes about 6 weeks to complete, and we’ll stay engaged with you throughout this process to ensure that you’re making the right decisions along the way.loan modification

The Able Financial Solution — Your 45 Day Timeline Day 1: Give us a call and start the process today.

We’ll need between 30 and 45 minutes to talk through your situation and assess the various modification options available to you.

Days 2 thru 6: Complete your loan modification application.

Working intimately with you, we will compile all of the necessary documentation, and we’ll help you craft an application that is powerful, persuasive and personal: The 3 “P’s” of every successful loan mod submission.

Day 7: Submit your application.

With your paperwork in order, and your personal story in writing, we will submit your application for lender approval.loan modification

Days 8 thru 44: Diligence.

The loan modification process can be a stressful time. This period is only made worse by the application review departments of most lenders, which tend to be over-worked, under-staffed and infamously difficult. It is during this period that you’ll most appreciate Able Financial Solutions. We’ll keep up the pressure on your lender, who is required by law to acknowledge your application in writing within 20 days, and respond with a final ruling within 60 days. Without some added pressure, however, review departments often fail to meet these legally-sanctioned deadlines. We’ll make sure they know that they can’t put your application on the back burner.

We’ll advise and counsel you on the decisions you need to make while your application is under review. How can you reduce the impact of a modification on your credit score? How should you handle late fees and penalties on your mortgage payments? Each homeowner’s situation is unique, and the loan modification process does invariably involve some nerve-wracking decisions and calculated risks. We can help you weigh each of these trade-offs and make the right decision for your circumstances.

Days 45: Results.

Your lender will provide us with the documentation required to complete your modification. The terms, rate, time-frame and monthly payment will all be settled via personal calls or meetings with you. We’ll help you complete your modification and set you on a path to better financial stability.

Is a loan modification the right path for you? Learn more about your options with our special piece:The Seven Ways To Swim When You’re “Under Water” or read about your lender’s Assessment Criteria for a Load Modification.

One of the great things about loan modifications is that it is ultimately a personal negotiation between you and your lender.

Loan modifications do not possess the assessment fees, escrow fees and endless surcharges that refinance or foreclosure do. If you pursue a loan modification yourself, you will actually owe nothing to any body, so don’t believe it if a lender says you may.

Our Iron Clad Guarantee

One of the great things about loan modifications is that it is ultimately a personal negotiation between you and your lender.

Loan modifications do not possess the assessment fees, escrow fees and endless surcharges that refinance or foreclosure do. If you pursue a mortgage modification yourself, you will actually owe nothing to any body, so don’t believe it if a lender says you may.

If you choose to have Able Financial Solutions represent you, we will charge a fee for the professional counsel and advice we provide. However, our iron clad guarantee is this:

• We will not pursue a loan modification on your behalf unless we are sure it will result in lower monthly payments for you in the future.
• We will indicate to you after the first phone call if you are unlikely to succeed in your modification, with or without our support.
• We will not collect any fees until you yourself have a restructured mortgage in your hand.

Simply put: We do not collect until you accept your modification. Ever.home loan modification