What is a Mortgage Rate Reduction Program?

In a mortgage rate reduction program, you construct a financial plan that works for you and includes an affordable monthly mortgage payment. The proposed payment will be based on your gross income and necessary living expenses, not dictated by the lender. This keeps your payment within your budget. Our attorneys and support staff then take over and negotiate with your lender and work to make the proposed payment a permanent reality.

Mortgage rate reduction programs are not simple to get approved. The key factor of your loan modification is constructing a financial plan that you and all your lenders can approve. It is also vital to make sure that this new financial plan is one that you can afford.

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We Can Assist You With Your Mortgage Rate Reduction

Your lender wants to see a verifiable relationship between your income and expenses that will prove to them that you will be able to make your payments in the future. Don’t worry; our attorneys and staff can help put a workable plan together for you as long as you have some income to work with. We will help you anticipate problems or issues your lender may have with the loan modification request. Our experienced attorneys can also assist you in composing a “hardship letter” describing why the problem occurred and how your financial circumstances have been resolved.

Our lawyers have the specialized knowledge, and experience necessary to assist you with your mortgage rate reduction program and help keep you in your home. LA Legal Law Firm offers free mortgage rate consultations to prospective clients, so contact us today or email us.

Call now for a free consultation 800-277-0490