Education

Not every situation requires the assistance of an attorney or licensed mortgage professional.  Depending upon your circumstances and your understanding of the loan modification process, you may decide to negotiate directly with your lender on your own.  Approaching your mortgage lender on your own for assistance can be difficult but if you are up to the challenge we want to empower you with the tools, knowledge, and resources to help you be successful.

 

Please note that if you are facing foreclosure there is an increased risk trying to obtain a loan modification on your own.  Your lender will use their own attorney to proceed with the handling of the foreclosure and we recommend hiring an attorney yourself to combat the foreclosure process.

 

Mortgage Help Hotline offers three different packages of services for the D-I-Y homeowner.  Call and speak with one of our mortgage help counselors today to see which of these services would be appropriate for you:

 

Many homeowners never qualify for a loan modification simply because they do not complete the required documents and application appropriately.  The Software Package contains everything you need to avoid this pitfall and submit a complete loan modification packet to your lender.  You will have full access to our leading loan modification software, e-books, and video tutorials.  Below are a few benefits of this package:

 

- User friendly software.  You simply enter information in required fields and the software auto-generates needed documents and proposals.  Then all you do is print and sign the documents to provide to your lender!

- Video tutorial to help navigate software and submit modification packet to your lender.

- Instructional e-book outlining:  how to modify your mortgage, supporting documents checklist, loan modification process and how to qualify, FAQs, and glossary of terms.

Wouldn’t it be great if you could have your loan modification application reviewed and scrubbed for errors, inconsistencies, and red flags before submitting it to your lender?  Now you can with the Underwriter Review package.

 

The Underwriter Review package gives you everything included in the Software package plus the additional following benefits:

 

- Loan modification packet reviewed and scrubbed by our in-house underwriters before submitting to lender.

- Two one-on-one sessions with a loan modification counselor to review your file and help you navigate the obstacles of obtaining a loan modification from your lender.

- Additional e-book containing: a sample loan modification packet, and the pitfalls of providing appropriate supporting documentation for your loan modification application.

The Mentor package is the most comprehensive Do-It-Yourself loan modification program available anywhere and still at a fraction the cost of hiring an attorney.  Loan modifications generally take 4 to 6 months to complete and this program provides you your own personal loan modification counselor and mentor throughout the process.

 

The Mentor package includes all of the software, video tutorials, e-books, and underwriter review from the other two packages with the following additional benefits:

 

- 120 Days to a Successful Loan Modification:  you will be provided your own personal loan modification counselor that will walk you through the process of obtaining a loan modification.

- Checkpoints:  regularly scheduled one-on-one meetings with your loan modification counselor to ensure your loan modification application is progressing properly with your lender.  Your counselor will provide you with additional literature and homework assignments as appropriate to help you communicate with your lender.