1 If the
REST Report shows whether it is in the financial best interest
of your investor to modify the loan and assuming you meet HAMP or in
house modification guidelines, you should be able to get your loan
modified.
2
With the REST Report, If your lender or servicer
should incorrectly deny your HAMP modification, you will be armed
with the facts that will provide a basis for appealing that
decision.
3 In some cases, borrowers have decided that a modification
is not the best option, and have decided to short sell, or sign a
deed in lieu of foreclosure. The REST Report gives a detailed
Net Present Value (NPV) analysis of your situation related to a
Short Sale.
4 If your State offers a foreclosure mediation process, the
REST Report is a powerful tool when used by you or your
attorney to present your case to the State’s assigned mediator.
Watch This Video
Loan
Modification Pre-Qualification - More Info>>>
The primary purpose of loan modifications is to assist distressed
borrowers who are unable to meet their mortgage obligations.
Therefore, a loan modification, as opposed to a refinancing, enables
the service company to change the terms of a loan to better enable the
borrower to stay current or cure a loan without retiring the existing
loan. Loans can be modified by extending the amortization terms,
adding balloon payments, decreasing the mortgage rates, forgiving
principal or interest payments, and extending the fixed-rate period of
a hybrid ARM loan, among other things.
This means the lender will make changes to the original loan. Those
can be changes to your interest rate, payment schedule, loan balance,
late charges, length of loan, pre-payment penalties, the handling of
past-due payments, and the like. You do not have to be behind in
payments to negotiate a Loan Modification
Get more information by clicking the More Info. link below. You will
be connected to a loss mitigation counselor for loan modification
consideration in order to help you stay in your home at a payment
you can afford!
Loan Modification
Pre-Qualification - More Info>>>
How to Order & Use
the REST Report
First, you order and
pay for your REST ReportONLINE OR our trained specialists can enter information about
you and your mortgage MANUALLY. Once the form is complete you will receive
your REST Report by Email within a few hours and a
hard copy of the report by Mail within a few days.
The REST Report shows whether it is in the
financial best interest for your investor to modify your loan, and
it tells you whether you should qualify for a modification under
HAMP. If you do qualify for HAMP modification, it will show what the
terms of that modification will be. And if the Report shows that you
don’t qualify, for HAMP, it will show you why you don’t.
Even if you don’t qualify for a HAMP modification, it
doesn’t mean you can’t get your loan modified. Most lenders and
servicers offer in house modifications, and in fact, far more
in-house modifications have been granted than modifications under
HAMP. The REST Report will also analyze whether or not it is in the
financial best interest of the lender to grant you an in house
modification, and identify several in house modification
alternatives.
The Report also qualifies homeowners for HAFA Short Sales,
and shows the NPV, or Net Present Value, of other foreclosure
alternatives.
Once you receive your Report, one of our trained
specialists will review what the Report shows, so you’ll know what
it means. Once armed with the Report and the knowledge of your
options that comes along with it, you can start making smarter
decisions right away. Why would anyone want to go through the
modification
process without it?
BENEFITS
The REST Report empowers
homeowners to make informed decisions. This valuable tool:
Provides empirical
evidence whether you qualify for a HAMP modification.
Tells you if you qualify
for HAMP before you spend time and money in a trial modification.
Provides you with
information about alternative programs.
Accounts for your
current information in the report.
Illustrates if you pass
HAMP’s Net Present Value (NPV) test, a test that is required by the U.S.
Treasury.
Lets you see what
options are worth pursuing, including:
In-house modification
program
Short sale
Deed-in-lieu
And more!
Runs a variation of the
same software used by banks, lenders and servicers to evaluate
HAMP eligibility. Is based on up-to-date data.
Is valid for 90 days
from the date of creation.
Shows the Net Present
Value (“NPV”) for in-house modification programs at various banks.
Wealth Tips:
The wealthy use Insurance to
protect their wealth and inheritance.
The wealthy practice Equity
Conversion.
The wealthy reduce high
Interest Debt when ever possible.
The wealthy have Diversified
Income.
The wealthy have Established
Savings.
The wealthy take advantage of
Financial Opportunities.
The wealthy spread their
Investment Risks.
Make a FREE
appointment with one of our Financial Coaches today
and
let us show you how to secure your financial future!
Facts
About Your Customized REST Report…
