Are you looking for a way to get your Bank of America loan modification? Does everything out there look pretty similar? Well this program is way different from any other out there. Read on!
With all the mortgage modification services out there today, it’s hard to know who to trust. Many of them are different as well. They have attorneys, no attorneys, “expert” negotiators, etc. But they have one thing in common. It generally takes 2 to 3 months if you are lucky to get your loan modification completed. And this is a big “if you are lucky” because not all loan modifications are completed after this time. You are left waiting and wondering “what is going to happen?”.
Some companies out there can pre-qualify you for a loan modification, but what does that mean? Are they doing this based on their own qualifications or are they actually speaking with your lender about your unique situation? There are some standard guidelines that have to be met to get a loan modification and if you have been in the business long enough you’ll know what these are, but those don’t matter if the lender doesn’t approve them. And getting pre-qualified for a loan modification doesn’t necessarily mean you are going to be told what and when you are going to get in the end.
That’s why this program is so mind blowing. Not only do you get pre-qualified, but you also get to know exactly what your interest rate and payment will be when it’s over. And to actually sign your docs it is going to take…wait for it…a week or less!
Here’s how it works. You call up and give them your loan number with Bank of America. They’ll ask you a few quick questions and place you on hold. Then, they will actually call case managers from your lender and verify that you are approved for a loan modification. It doesn’t stop there. They will also get your new interest rate and monthly payment! All this is done with no upfront fees. Talk about a guarantee! If you decide to move forward, you will know exactly what to expect when the process is done. And by the way, this process only takes 24 hours to 7 days.
To further ease your financial stress, many times the first payments due date is pushed back 30 days from the time the docs are signed.
If you are on the fence financially, they also have instant payment reduction programs. This will cut your payments by about 30% instantly. If you can make those payments on time to your lender for 3 consecutive months, you are then guaranteed your loan modification. This is to make sure that you can make your new lower payments, since many people who are suffering a strong financial hardship get denied for a loan modification or get one and end up defaulting again. This way, you can show the bank you are able to make your payments for 3 months and get the loan mod done. You’ll be told what your new payment is going to be before you start that program.
If you are looking for a Bank of America loan modification, you cannot afford to miss this opportunity.