► LOAN MODIFICATIONS – Countrywide and Bank of America (United States)

If you have a home mortgage with Countrywide Mortgage or the Bank of America, NOW is the time to modify your loan. Our company is one of the many companies working with Countrywide Mortgage and the Bank of America to help you navigate through all the red tape and get directly to a loan modification that helps you stay in your home and get you back on your feet .

Eligible borrowers qualify for a loan modification if:

current loan-to-value ratio is 75% or higher,

borrower is currently 60 days or more delinquent, or will become 60 days or more delinquent because of your current mortgage or an ARM adjusting mortgage that will adjust to a higher interest rate,

the property is a 1-4 unit owner-occupied residential property.

What are the loan modification options?

A multi-faceted streamlined modification based on an Affordability Equation;

FHA refinancing under the HOPE for Homeowners Program;

Interest rate reductions, some of which may be granted on an automatic basis and others through streamlined processing; and

Principal reductions that restore lost equity for certain borrowers, with resulting loan-to-value ratios as low as 95% based on current valuations;

Introduction of a 10-year interest-only period with limited step-rate adjustments to reduce payment shock.

Certain program benefits will be available through June 30, 2012.

Call for an Appointment – (303) 719-8284

www.mjfinancialinc.com