LOAN MODIFICATION*

PRIMARY RESIDENCES / SECOND HOMES / INVESTMENT PROPERTIES

Loan-Types that may qualify for modification:

Combo loans (80/10, 80/20, etc)

2– and 3-Year Adjustable Rate Mortgages

MTAs, COFI, COSI loans with Options

Loans with potentially negative amortization

Loans must have closed in 2004, ‘05, ‘06 or ‘07

Eligibility

Credit score– not considered

Value– can be less than total loan debt

Appraisal– typically not necessary

Loan status- no more than 90 days in arrears

“Foreclosure” proceedings- not yet initiated

Borrower(s) must have verifiable source(s) of income

(Rental income is acceptable)

Potential Modification Benefits

Reduced interest rates

Lower monthly loan payments

Forgiving and/or deferment of missed payments

Loan status reported as “CURRENT”

Reduction of debt (Principle Loan Amount)

Forgiving a portion of the debt

One of the best tools to keep you in your home is called a loan modification*.

At FloridaHomeLoanZ, we are all about enabling you to buy your home with a fiscally responsible home-loan, but we understand that factors beyond your control can jeopardize your investment.

Today’s local, national and global economies challenge even the strongest individuals and corporations. Job-losses, pay-cuts, severe medical conditions, natural disasters, accidents, unforeseen expenses, extended military service, or even death are just some of the reasons why you may qualify for a loan modification.

At FloridaHomeLoanZ, we understand your need to retain your home for your family and the bank’s need to collect their debt. Therefore we will assist you with a structured plan that shows your lender your financial situation; your willingness to pay and a letter of hardship. The anticipated result can range from a reduced, fixed interest rate to lowered monthly payments, even reduced loan principle, so you can once again be current in your credit profile and look forward to a financially more manageable future.

*LOAN MODIFICATION IS NEGOTIATED AND COMPLETED BY OUR OUTSIDE LAW FIRM

Basic Pre-Approval

Get the Best Mortgage Rate!

Tell us a little about your current needs and we can use that
information to match you with just the right loan.
 
Tell us about your loan needs.
*Reason for loan (purch, refi, cash out):
*Value of property:
*Type of property:
*Amount you need to borrow:
Type of loan wanted (30 Yr, 15 Yr, ARM, Int. Only):

How can we get in touch with you?
*Name:
*Email:
Phone:
Address:
City:
*State:

Tell us about your credit history.
*Credit History (Excellent, Good, Average, Poor):

Note: Fields with an * are required

Our mission is to provide comprehensive mortgage solutions for our clients with the highest degree of trust, knowledge, respect and convenience.

Florida Lic.# MBB 0800211 

“Please refer to our "Staff Profiles" for individual broker licensing information”

       

OUR OFFICE LOCATION


Florida Home LoanZ, LLC 12272 Tamiami Trail East Suite 402 Naples, FL 34113
Phone: Fax:

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