Worried That You May Lose Your Home?
If you are behind on your mortgage payments, taking action now may prevent foreclosure. Because bankruptcy is not right for every situation, we can help you find alternative solutions. One option is to modify your mortgage.
The Law Offices of Chad M. Hayward, P.C., provides experienced representation to people in Illinois who are seeking debt relief and foreclosure prevention. If bankruptcy is not an option, home loan modification may be a good alternative for stopping foreclosure. We offer cost-effective loan modification services at a discounted rate when you file Chapter 13. To schedule a free consultation with our Chicago loan modification lawyers, please call 888-804-8641 or contact us online today.
What Is Loan Modification?
Many people have trouble fully understanding their mortgage terms, which makes it difficult to negotiate effectively with their mortgage lenders. Our attorneys can simplify the loan modification process by negotiating with the lender on your behalf.
In general, to qualify for a mortgage loan modification, your mortgage payment must be more than 31 percent of your gross income. If you qualify, a loan modification can lower your mortgage payments by methods such as:
- Refinancing the mortgage
- Lowering the interest rate
- Deferring or reducing a portion of the principal
- Extending the mortgage terms
Representation from a knowledgeable lawyer can be essential during loan modification negotiations. We have experience working with mortgage companies and know how to protect your interests.
Contact Us
Please call our office at 888-804-8641 to schedule a free consultation. We have offices in Chicago, Aurora, Joliet, Schaumburg, Palos Heights, Northbrook, Oak Brook and St. Charles.
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