The Obama Loan Modification or Homeowner Affordability and Stability Plan offers protection and hope to billions of homeowners. Before you apply for a mortgage modification make sure you understand what protection is offered.
Loan modification plans are subject to fair lending laws, and both servicers and lenders should make sure debtors are being treated equally when it comes to mortgage modification.
Loan Modification Benefits to You and Your Family:
If you apply and receive a mortgage modification with Obama’s Homeowner Affordability and Stability plan you could receive:
1. A fixed rate plan lowering your high adjustable rate mortgage.
Obama Loan Modification Consumer Protection – Qualifications For Protection – Part 7 of 10
Aurora Lillo Editor of the “Loan Modification Foreclosure” website — — pointed out;
Another major difference between bankruptcy and a home loan modification is the impact to a credit score and financial history.
Further information about how to get professional assistance with a mortgage loan modification by