HOME
CONTACT US
FAQ
United Solutions Inc.
Mortgage Modification Experts
 
Mortage Modification is a change in the terms of a mortgage loan. These terms are modified from the original terms of the contract agreed to by the lender and borrower. It is our experience that most loans can be modified. 
 
The Mortgage Loan Modification process provides for a change in one or more of the terms of a Lender's loan, this process allows a loan to  be reinstated if the loan is behind or past due and the result is an agreed upon payment the borrower can afford.
 
There may be modifications made at the discretion of the lender. The lender is motivated to offer better terms to the borrower because of the expectation that the borrower might be able to afford a lower payment, and that a performing loan will be more valuable ultimately than the proceeds obtained from a forclosure sale.
 
The Federal Government has given mortgage companies some incentives to offer modification programs to borrowers that are in hardship situations. These mortgage modification programs require the lender to modify mortgages meeting the criteria of the borrower, the property, and the loan payment history.
 
Currently there are different forms of loan modification provided through the government and financial institutions to help the mortgage crisis.