Q. What is a Loan Modification?

A. A Loan Modification is when a lender agrees to modify any or some of the terms of the mortgage making it more affordable for you. These changes may include:

Q. My lender has force placed insurance on my home. How can I reduce my high insurance premiums?

A. Your lender does require an insurance policy. If your policy lapses, the lender will force place insurance. Click here to reduce your payment www.chesterinsurance.com

Q. How long do I have to act on this?

A. Time is of the essence when you are having difficulty with your mortgage payments. You must act immediately so we can work out an agreement with your lender that you can live with.

Q. How long will the process take?

A. Typically the process takes between 60-90 days. Each lender has different requirements and different time frames and thus each case is unique.

Q. Is each state eligible for Loan Modification and can you help me in any state?

A. Yes and LMA can help you with your home in all 50 states.

Q. Do I have to be past due on my mortgage to qualify for a Loan Modification?

A. No, most lenders will work with all homeowners; however the basis for them approving a loan modification is that the borrower is experiencing some form of hardship.

Q. Does LMA charge for a pre qualification?

A. NO! We can pre qualify you over the phone free of charge.

Q. How do I get started?