Avoid Foreclosure
A loan modification may be the option for you!
There are different financial services for mortgage help such as undergoing a loss mitigation, getting bank modifications, home forbearance, extending the length of your loan term, lowering your interest rate, changing from an adjustable-rate mortgage to a fixed-rate loan and more.
Though the terms of your modification are up to the lender, the outcome can be lower, more affordable monthly mortgage payments. Foreclosure is a costly process for lenders, so many are willing to consider loan modification as a way to avoid it.
UHA has all the information and guidance on what the best option for you can be.
Modification
• Negotiate with lender to change terms of original loan
• Little to no costs (rare if there are fees)
Refinance
• Entire new home loan which pays off previous loan
• Can require additional charges
• Potential average costs could range from $1,120 to $2,690
Application fee: $75 to $500
Origination fee: Up to 1.5% of loan amount
Credit report fee: $30 to $50
Home appraisal: $300 to $400
Home inspection: $300 to $500
Flood certification fee: $15 to $25
Title search and insurance fee: $400 to $900
Recording fee: $25 to $250
Reconveyance fee: $50 to $65
If you are currently facing a financial hardship and want a loan modification, then know that UHA can help you from start to finish. Get started with financial assistance today:
Set up Your UHA Meeting Today
If you’re ready to begin the process for a loan modification, UHA knows how to put you in the best position.
Collect Your Financial Information
You’ll need to provide your current income and expenses.
Collect Your Mortgage Information
Get a copy of your mortgage statement that has your loan number on it or have your foreclosure letter on hand (if received).
Set up your first meeting and consultation with UHA to begin the process to freedom. We will handle the process for you from beginning to end to ensure the process is smooth and efficient.
We’ll guide you through the various options to provide you with the best outcome for your situation.
