Loan modification /Conversions is a process that allows homeowners to change the terms of a loan in order to help the borrower keep their homes. A loan Modification or Conversions is NOT a refinance. It is the renegotiation - or loan restructuring - of an existing mortgage note. For homeowners behind on their mortgage, in hardship due to loss of work, medical, divorce, interest rate adjusted higher, mislead in the loan program you are currently on or those with a low credit score who cannot refinance. A loan modification / Conversions are often the only option available because they are unable to get approved for a mortgage refinance or a short-refinance.rate may be decreased

 A loan modification /Conversion can be done in several ways or combination of ways listed below:

• Your interest rate could be changed from an adjustable to a FIXED rate.   
• Lowing the current interest rate due to hardship
• The type of loan could be changed altogether which will give you lower payments  
• ALL BORROWERS MUST BE APPROVED AND QUALIFY FOR A Modification /Conversion  

Many borrowers are facing foreclosure because their interest only or variable rate loan interest terms have sky rocketed beyond what they could have imagined. A loan restructuring is an agreeable way for both the lender and the borrower to avoid the cost and hassle of the foreclosure process.

Loan Modification and Loan Conversions are two different types of options that can help you LOWER your payment and SAVE your home. 

If you are currently late on your mortgage payment due to any hardship then you may qualify for a home Modification / Conversion.          

Don't wait!  Call and talk to a SGA Consultant Today. 

Call Today!    877 212-3252