Why National Relief Group?
Our relationship managers and examiners are knowledgeable, experienced and have direct connections with lenders to ensure we eliminate time and effort on your behalf. Our proven strategies are designed for our client’s individual needs.
What Is A Loan Modification?
A loan modification is a change to the original terms of your mortgage loan.
Unlike a refinance, a loan modification doesn’t pay off your current mortgage and replace it with a new one. Instead, it directly changes the conditions of your loan.
It’s also important to know that modification programs may negatively impact your credit score. If you're current on your mortgage, it would be better to review your options and see if you can apply to refinance. Some of the changes through a loan modification can include lowering interest rate, capitalization deferment of missed payments, term re-amortization, and principal reduction.
Document Discovery
The question here is usually not the authenticity of the documents, but the speed of the process. Our examiners know all the ins and outs of the process.
Documents we will request in order to help save your home:
- Hardship letter
- Authorization to release information (one for each lender if more than one)
- Most recent mortgage statement
- Last 2 Months Banks Statements
- Borrower Expenses Breakdown - list of all expenses from utility to phone to monthly food budget, all necessary spending
- W2's and all tax returns for last two (2) years
- Last 2 pay stubs and or financial benefit letters (includes social security, child support, pension, etc)
Contact Us Today
For a free 15 min consultation to review your options to save your home please submit a contact us request. One of our team members will be reaching out to you to schedule your free consultation in the next 24 hours.
2900 N Military Trl Ste 107
Boca Raton, FL 33431
Toll Free: (866) 690-2145
Fax: (866) 420-7889
Email: [email protected]