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Bank of America Loan Modification Mods Are On The Rise
Bank of America Loan Modification is definitely on the rise. They have aggressively started modifying their borrowers loans to try and keep these notes as performing assets.
This is great news for Countrywide borrowers who will soon make the switch to Bank of America. It is estimated that it will take atleast a couple months from now to transition most of these borrowers over to the Bank of America system. Countrywides borrowers had 9 digit loan numbers, while B of A’s customers have 10 digit loan numbers.
What does this all mean? Well, if you statement is still a Countrywide statement then you’ll have to wait until you get your new loan number. Then, B of A will be able to look you up in the system. This is when you will be able to modify your loan.
There are services out there (only a few) that can actually call up Bank of America and with only a few of your details see if you qualify for their new modification program. You will need your loan number (10 digits!), the last four numbers of your social, your property address and a one sentence hardship description. Once the modification company has this, they can call your lender and see if you qualify. If you do, you will be able to complete the whole modification process in as little as a week. This is almost unheard of today, only a couple other companies are doing this such as EMC.
To make things easier on you, the service can usually get the first payment pushed back atleast 30 days. Some people even can get it pushed back further. This will allow you to save up some money and prepare to make those mortgage payments.
You only have one shot to get a loan mod, so you better make it count. Go over all your finances and see where you can cut back and save. If you go into default after getting a loan mod, you are almost guaranteed to lose your home.
If you are looking for a Bank of America loan modification, just visit the links below for a service I highly recommend. They can get you approved and tell you what your new payments are going to be before you pay them a dime.
Secured loans- Loans that stand apart
Modern technology has intruded into every aspect of our life. It has made possible for us the means to avail loans without even having to move out of our homes. You can comfortably sit in front of your PC and apply for a loan. The lenders will contact you if they find your details suitable.
The competition is very stiff in the UK financial market. New entrants are coming up with loads of new financial products and establishing themselves along with the existing lot. One thing you must do is research – on the loan market, compare loans, and even bargain simply through the Internet before finally taking out a loan.
With secured loans, you get a plethora of benefits. Such loans can help you in solving even some of your biggest financial problems. The loan amount can stretch up to a hefty £250,000 enough to take care of all your worries.
You can avail secured loans:
In case of secured loans, some lenders may offer you more than the value of equity in your home. If your home has got a value of £100,000, you may still get £125,000 in the form of secured loans.
Secured loans are also popular by the name of homeowner loans. In some instances, these loans can go up to 125 per cent of equity. This is an added benefit of secured loans.
Besides, the lenders offer scores of loan plans so that you can choose one that is as close to your requirements as it can be. Just because it is your home that serves as a security, these loans are called homeowner loans.