If you can’t afford your Fairfax VA home payment or are facing foreclosure, you should consider a loan modification. Many Fairfax home owners who have applied for loan modifications are getting approved. However, it will take a lot of work to get approved.
If you are at risk of defaulting on your home loan, you may qualify for a loan modification. For instance, has your income recently been reduced or have you recently been laid off? Is your interest rate about to re-set to a level you cannot afford? If so, you’re likely to qualify for a Fairfax loan modification, even if you haven’t fallen behind on payments just yet.
If you would like help with getting approved for a Fairfax loan modification, we have a loan modification kit that you can use to negotiate a loan modification on your own. It can become costly to have someone else do this for you and might not be as effective. Why? think about it: Who is going to push harder for an approval? The person who risks losing their house (you), or someone else who already got paid upfront?
If you’re interested in applying for a Fairfax loan modification yourself, the first thing you need to do is gather up all the necessary documents. You will need income documentation, all your mortgage documents, and copies of your monthly bills. This builds a case for why the lender should accept your loan modification.
You’re likely to qualify for a payment reduction if the house is your primary residence and your payment is more than 31% of your monthly income. Here is the key to getting approved: You must show your lender how it is beneficial to them to accept your loan modification.
Our Fairfax loan modification kit has the instructions you will need to get a loan modification approved. We show you how to prove to your lender that they will make more money by accepting your loan modification versus foreclosing on the house. They’re in the business of making money, right?
Thanks for reading this,
Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, ‘Inside Real Estate’
Phone: (703) 322-0600.
Thierry Roche specializes in loan modifications and short sales in Fairfax Virginia. Fairfax Loan Modification Help. Fairfax Short Sales. Fairfax Short Sale Realtor. Fairfax County Short Sale Realtor. Fairfax VA Short Sales. Fairfax Realtor.
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