Almost all homeowners who are experiencing difficulty in paying their mortgages want to get their loans modified. However, many of them refrain from getting a loan modification due to the number of scams and misinformation in the industry which has got many homeowners worried.

Unfortunately homeowners have little choice but to get their loans modified or they are in danger of losing their homes to foreclosure. Hence many families are now trying to learn how to get a risk free loan modification.

First of all, going through a company or attorney is full of risks. This is because these companies charge a hefty upfront fee but do not give a guarantee whether the loan modification application will be approved by the mortgage lenders. Also it is many of these companies who are responsible for the number of scams in the industry in the first place as they take upfront fees giving all kinds of promises, only to leave the homeowners high and dry after a month.

Of course, the best option is probably to get your loan modified on your own. This option can have its drawback as well since not everyone will know the exact procedure laid down by the banks for loan modification applications. Also, not everyone is skilled enough to negotiate with their mortgage lenders to get the best possible interest rate.

In this case, homeowners should try to search for a loan modification guide with free phone support from experienced loan modification professionals. The guide will help the homeowner in learning about the application process and the phone support will be required so that there is always someone to help you when you are stuck or need further explanation on information contained in the guide. When it comes to phone support, you need to make sure you get free unlimited phone support as certain guides might limit the number of phone calls or limit the number of days you can call for support.

Another thing you need to look for is whether the loan modification guide is backed by attorneys or industry experts who will also review your application documents for free. This is essential as any mistake in your documents will get your loan modification application rejected. If the guide you are purchasing also offers document review at no extra charge, then it is truly a risk free way to modify your loan.

Although most loan modification guides are quite cheap and below $100, you still need to check if they offer any kind of money back guarantee. Only a guide which is completely secure about its contents will offer not just a money back guarantee but also free unlimited phone support as well as other services such as free documents review, etc. The ones which are basic in nature and do not go into complete detail or are not updated will not offer any value added services as they do not want to interact with the buyer once the guide is purchased because the modification experience level of those authors is minimal.

If you can find a loan modification guide which shows you the exact steps on how to modify your loan, shows you how to negotiate with the banks and also provide free unlimited phone support and document review, then you can be sure that the loan modification application will be truly risk free.