Our home retention specialists are experienced professionals who have been especially trained to meet your particular housing needs. They can help you get out of your current situation by working with your lender to approve a new agreement for:
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Refinancing where a new lender comes in to replace your current loan;
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Rate reduction where you are given a new interest rate that is lower than your current one;
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Capitalization where the payments that you are behind on are put at the end of your mortgage so you can start fresh;
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Term extension where your mortgage period is extended from, say, 15-20 years to 30 or 40 years, thereby dramatically decreasing your monthly payments;
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One-time assumption where your lender allows a buyer to take over your mortgage without a down payment; or
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Loan type conversion where your mortgage is replaced by one whose terms are more affordable to you, say, an adjustable interest rate loan is turned into a fixed rate mortgage.
NEIGHBORGATE’s home retention specialists will guide you and help you understand every step of the loan modification process by helping you with all the required forms and information that you need to work out a new payment plan. We will work smart to help you stay in your home at payment terms that you can afford and that make sense for you financially. We will also supply you with useful and effective products such as credit repair sources that will help you raise your credit score. We can even provide you with valuable debt consolidation information that will, for instance, show you how to pay off your 30-year mortgage in just 5-10 years, enabling you to save hundreds of thousands of dollars in interest payments.