Arizona Loan Modification Hotline: 877-739-1250
Arizona loan modification options can often be confusing to people. Are you confused? If so, don’t fret – when it comes to Arizona loan modification options, there are very few experts.
Arizona Loan Modification Options
While there are no official guidelines or “how to” manuals on how to get an Arizona loan modification done, there is at least one government loan modification program that you may be eligible for.
If you are looking for the loan modification attorney who can best represent you when negotiating a loan modification with your lender? Here is someone we recommend that you at least talk to if you are:
- Behind on your mortgage and facing foreclosure
- Tired of fighting the banks for a loan modification with no end in site
- Looking for a reputable Law Firm recommended by consumer advocates
- No up-front fees!
- Learn in advance if you qualify for HAMP as we have the Lender HAMP approval software
Other Loan Modification Options
The Federal Housing Finance Agency (FHFA) recently announced a loan modification program that it is calling the “FHFA Streamlined Loan Modification Program” that went into effect in December of 2008.
Arizona Loan Modification FHFA Program Qualifications:
- Have a loan owned or guaranteed by Fannie Mae or Freddie Mac.
- Owe 90% or more than the home is worth.
- Be 90 days or more behind on payments.
- Demonstrate financial hardship.
- Not have filed bankruptcy.
- Presently occupy the home.
Arizona Loan Modification FHFA Loan Modification Possible Remedies:
- Interest rate reduction (but not below 3%).
- Loan term extended from 30 to 40 years.
- Deferred principal.
Note that there are not principal reductions available with the FHFA loan modification program.
Do you think you may be a candidate for an Arizona loan modification? Be sure to speak with one of our experts as to whether the loan modification process will work for you.
