Any homeowner currently stuck with an adjustable rate mortgage that has been or will be adjusting upwards is a premier candidate for loan modification. Millions of Americans were lured into signing up for interest-only mortgage loans & while the loan was initially cheap and affordable, the double impact of hugely rising interest rates and the addition of principal into the monthly mortgage payments have forced borrowers to see their payments triple or even quadruple, make it impossible to pay their mortgage.

For homeowners who might only see a raise of 10% in their salary, having their mortgage payments doubling in one month is impossible to stay financially stable.
The temporary one or two month forbearance your lender offers is a Band-Aid but not a bona fide solution to the problem that will get worse and the only way to halt the skyrocketing house payment and keep your credit intact at the same time is with the help of a loan modification.

Waiting too long to get the loan modification process started may actually disqualify you from the loan mod program! Don’t wait until your adjustable rate mortgage (ARM) or Interest-only loan resets and increases again but instead act as soon as you can to save your home from foreclosure.

During a loan modification the terms of your mortgage are renegotiated to bring the interest rate down to a percentage that fits into your budget and the monthly payment no longer presents a severe strain on your ability to meet your other financial obligations.

With the reduction in payments, you will be able to have an affordable mortgage that is determined by the amount of income you have every month.

It would be great if borrowers and lenders had the ability to negotiate loan modifications, but the problem is two-fold:

The answer is a resounding no. With debt consolidating, a group takes a large amount of unsecured debt and loads it into a larger loan that offers lower payments. It does not apply to mortgages, and is meant mainly for credit card debt.

When you refinance your home, you as the borrower are required to apply for a new mortgage which will require you to 1) get approved 2) pay for closing costs and 3) make another down payment. Refinancing is not for people who are at risk of losing their home, as it is very costly and hard to qualify for.

With loan modifications, the goal is to help homeowners whom are in dire need of financial help by drastically reducing their mortgage payments and allowing them to stay current on their home.

Our success rate for our customers is phenomenal. Of our clients, we have a 90% or better success rate, and with each case our commitment to getting you a loan modification is unwavering.

We have an entire team of trained, ethical professionals forming our network of loan modification services and decades of combined legal experience. Your loan modification is in good hands and within 60-90 days you will be back on the road to strong fiscal health, and your home will be saved from foreclosure!

No! Our customers usually don't have enough equity to sell their homes. If you choose to short sale your home we will do it for you at no additional cost. We are a licensed real estate company with decade of experience. If you opt for a short sale, this may delay the foreclosure process further. 

Yes, but should you? It really depends on the results you want to achieve. How good would your hair look if you cut it yourself? How would you do if you represented yourself in court? If you are in trouble with your loan, you want the very best result and we can get that for you!

We have a staff of loan mitigators whose only job is to work with lenders and modify loans, every day, five days a week. By letting Credit Settler do what we do best, you will get better results with a fraction of the stress.

Credit Settler knows how to deal with lenders and have in-depth knowledge about how these institutions work. We can potentially save you thousands of dollars and free you from a considerable amount of stress.

Our team has extensive experience in negotiating loans and working with lenders. We have an impeccable relationship with lenders, who are usually unwavering in negotiating with the consumer directly. Our team has extensive knowledge about loan mitigation, modification, short refinance and short sale programs.

Once we get the paperwork, we begin right away. Currently, most lenders are very busy, so we are noticing about 4-8 weeks before a final settlement is reached.

Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options to save your home. We are confident that you will feel that our fees are a bargain compared to the cost of the alternatives.

Credit Settler cannot stop a lender from adding interest or late fees to a loan. However, your individual program will allow you to catch up on any late payments, and all interest and fees will be restructured into your new payment.