The purpose of a loan modification is to lower your monthly mortgage payments by submitting the correct loan modification package to your current lender. Mortgages are modified to the benefit of the borrower in one or more of the following ways:

• Reduction in interest rate, or a change from a floating to a fixed rate
• Reduction in principal
• Reduction in late fees or other penalties
• Lengthening of the loan term
• Capping the monthly payment to a percentage of household income

Loan modification applicants can be current, late, in default, in bankruptcy, or in foreclosure at the time the application for modification is made. Submitting a non-conforming loan modification package may permanently disqualify you from receiving a loan modification. Getting it done right the first time is critically important.

LoanMod Creator is as easy as

LoanMod Creator™ Online software enables you to:

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• Customize your loan mod based on Primary Homeowner, Investor, W-2 employed, Self-Employed, multiple property owner, all types of loans and more
• All Forms are Dynamic
• Education and tips include