FRANKLIN FINANCIAL SERVICE
A Division of Franklin Home Funding
Loan Modification
The loan modification process can be a smooth process for both the homeowner and bank as long as all the information is presented correctly the first time. That's what makes Franklin Financial Service so successful. We know what each lender is looking for and what to give them the first time around to ensure a smooth modification.
- Lower Your Payment
- Lower Your Interest Rate
- Lock into a fixed rate
- Avoid Foreclosure
By definition a Loan Modification is a procedure whereby a loan payment plan is altered due to the hardship of the borrower. This can include the rate, term and monthly payment amounts, which is handled by the lender's Loss Mitigation Department. At Franklin Financial Service, we are experts at negotiating with the bank on your behalf to get you to stay in your home and create a payment that you can afford.
Unfortunately, homeowners that try to work directly with their lender have high failure rates. Our experience within the loss mitigation departments of major mortgage companies and lenders and our expert knowledge of Federal and Consumer Homeowner Protection Laws gives you the advantage needed to secure a plan that you can live with. Our experience working with lenders means we know who to talk to and what to say in order to cut through red tape and get results that aren't possible for an individual to achieve.
Loan Modification Processing
