Do It Yourself Loan Modification

Loan Modification is an agreement by your lender to modify your existing mortgage terms; by either reducing the loan balance, payment or interest rate, and/or by fixing your adjustable rate.

We have prepared a loan modification kit to help you organize your financial information into an easy-to-read format for your lender’s review.  It is important that you disclose all details pertaining to your present circumstances and supply the documents that verify those details.  It is also important that you are very specific in your Hardship Letter, as to what the circumstances are that caused your financial challenges, and how that is changing.  Many loan modifications are for a period of time, 1-5 years, so the lender wants to see that there is going to be the ability to pay a higher payment in the future.

Once everything is complete and submitted to your lender, be sure to call them to ensure they received all your information and are working on your file.  Contacting the lender on a weekly basis is the best way to make sure things are moving forward.  Be prepared to resend the documents a few times, as it is not unusual for the lender to lose documents within their system.  Keep a log of dates, phone numbers and who you spoke with, and what you were told.

Request the "Do It Yourself Loan Modification Package" Now & Learn...

• Who You are Going to Talk to...

Know who you are dealing with, a mortgage services, or a mortgage loan originator. 

• How to Understand your Lender’s Modification Policy..

Become familiar with your lender’s loan modification policies. 

• How to Get your Lender’s Modification Package...

Request a loan modification package from your lender.

• How to Do the Negotiation...

You want to convey to your lender that you have experienced a life event or hardship and can no longer afford your mortgage payment. 

• Why you Need to Document Everything...

Keep a call log of the who, what and when of your communication history with your lender during this process. 

• Why Anger and Frustration will not help...

Spending hours on the phone frustrated and screaming is going to do nothing for your blood pressure and your state of mind. 

• Why you Should Be prepared to make a payment...

Lenders would like to see you start making mortgage payments again. 

Simply fill in the information below and we will provide you with the "Loan Modification Kit." It is FREE and Confidential. Remember we are only here to help you! 

IMPORTANT NOTICE: Keller Williams Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.