Mortgages

Mortgage Loan Modification Now Cheaper and Easier Thanks to ModificationSoft.com

A new online service, ModificationSoft.com, is making it easier and more cost-effective for homeowners to modify their own mortgage loan. The unique do-it-yourself mortgage loan modification portal is designed to help homeowners lower their mortgage payment, save thousands of dollars over the life of their loan–and avoid foreclosure.

Las Vegas (PRWEB) March 17, 2009 — Homeowners wanting to reduce their mortgage payment and avoid foreclosure can now take advantage of a new mortgage loan modification service at www.ModificationSoft.com. The revolutionary portal provides homeowners with a simple and convenient way to create a loan modification proposal for their lender–all online without the hassle or expense of hiring an attorney.

Priced at $397 or $497, the new do-it-yourself mortgage loan modification service provides a cost-effective solution for homeowners who are struggling to meet their monthly mortgage payment. “It’s much cheaper to purchase our mortgage loan modification service than to hire an attorney or third-party loan modification company–which can charge anywhere from $1,500 to $4,000,” said Jeff Strum, managing partner of U.S. Loan Modification Services, LLC. “Plus, with ModificationSoft.com, homeowners are in control, and they don’t have to worry about paying several thousand dollars to a third party only to discover they have been scammed.”

Mortgage loan modification is a rapidly-increasing trend, as the nation’s economic crisis pushes loan defaults to a record high. ModificationSoft.com represents a very timely and feasible solution for homeowners who are facing financial difficulties. “Loan modification can save a homeowner hundreds of thousands of dollars over the life of the loan by modifying to a lower interest rate, longer term or principal reduction,” Strum said. “It can keep a homeowner from having his or her home foreclosed on.”

Mortgage loan modification provides a better alternative than a traditional refinance. Refinancing typically requires a new closing, legal fees, survey, appraisal and taxes. Loan modification, however, is a restructured agreement between the borrower and mortgage lender with revised terms and interest rates. It immediately brings the existing loan up to date, giving the homeowner a fresh start to manage the mortgage note.

ModificationSoft.com is a unique resource because it provides everything homeowners need to create their own loan modification proposal. Here’s how it works: Users create a password-protected account, follow the simple, step-by-step instructions to input their information and either upload, email or fax copies of their paycheck stubs, banking statements and other documents. ModificationSoft.com does the rest. It generates a customized loan modification proposal and securely sends it–along with the information and documents provided–to the lender. The system also helps create a hardship letter, updates financial information required by the lender, and provides confirmation that the lender has received the loan modification package.

About ModificationSoft.com
ModificationSoft.com is a one-of-a-kind, self-empowering tool for homeowners wanting to get their mortgage back on track. The ground-breaking Website–owned by Las Vegas-based U.S. Loan Modification Services, LLC–also offers a white-label product to assist attorneys, loan modification companies and mortgage brokers. For more information about the new mortgage loan modification service, please visit www.ModificationSoft.com or call (877) 962-4427.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2009/03/prweb2237614.htm

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