Accredited mortgage modification advice and help from an accredited source, Alex Neely, who is a family financial expert, explains in the below video that mortgage modifications can be done by yourself directly with your lender. You can use the services of an attorney to handle this process if you feel more comfortable he can do a better job then you can on getting a better mortgage modification.
This accredited mortgage modifications expert indicates that instead of sending a mortgage payment into your lender that particular month, you can use this instead to pay your attorney to modify your mortgage. Your attorney (all will) will require an upfront fee to start the mortgage modification process for you.

We (this website) normally is against paying anyone to do a loan mortgage modification for you under the new federal mortgage modification plan “Making Home Affordable” signed recently by president Barack Obama, but this is valid mortgage modification advice expressed by this accredited mortgage modifications expert. The reason is, you were going to send a payment anyways, why not use it to increase your chances of a better loan mortgage modification for yourself, which will keep on paying you (via lower monthly payment) each and every month.

Also; this financial expert indicates that maybe the lawyer you hire might find a problem with your original loan that may work to your benefit, resulting in a better loan mortgage modification.

You do not want to use some fly by night company who wants to take upfront money from you to handle your mortgage modification. If your tempted to do this, first try the loan mortgage modification process yourself. If you are not happy with the new terms your lender came up with, take your mortgage payment and use it to then hire an attorney as the second plan of action. If your still not satisfied, then you may want to use the help of a mortgage modification company you’ve heard was good, or who has done some from people you trust and they were satisfied with their services. Loan mortgage modifications will typically run from 3k to 5k.

The most important mortgage modification advice we can give is:

  • Do your mortgage modification before your interest rate resets (if you have an ARM).
  • Try to do your own mortgage modification yourself first before hiring anyone to do it for you.
  • Explain your hardship to your lender via a written letter. Explain why you need a mortgage modification. Normally, the number one reason is your fixed debt (house/taxes/insurance/car/utilities/credit card debt/food payments) are much higher then what your income allows for. This may be a direct result of reduced hours/a new job which pays less or being terminated from your present job.
  • Use a lawyer to help you do your mortgage modification if you feel it will result in a better program.
  • As a last resort, use a loan mortgage modification company to handle the process for you only if you know that they are reputable.

Please feel free to watch the below video on more mortgage modification advice, help and info!


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