The vacation destination in North Florida, Jacksonville Beach has been hit hard by the foreclosure epidemic.
Homeowners across the community are seeing their interest rates double or triple, and their monthly mortgage payments doubling overnight, making staying current on your mortgage impossible.
There is a way to save your home for foreclosure through a loan modification. A loan modification is a financial tool available to homeowners and lenders to reduce monthly payments, and bring your mortgage payments into a reasonable territory to save your family and their financial future.
How Can I Qualify For a Loan Modification?
If you are interested in applying for a loan modification, there are a couple of requirements to determine if you are a good candidate.
- Your monthly mortgage must be affected by a verifiable reduction in income.
- It is required that you are currently employed or have another source of a stable and predictable monthly income that is provable.
- The home for which you are seeking to obtain a loan modification must be your primary residence.
If any of the above stipulations apply to you, click here to get started with a free loan modification evaluation.
