• We renegotiate your mortgage terms directly with the bank
• We can save you thousands per month on your mortgage
• Convert your ARM to a Fixed Rate Mortgage
• We’ve helped hundreds of American homeowners
• Don’t lose your home. We can help you today!
  
  

UApply assists you to help modify your existing home mortgage with your current lender. We help in negotiating new terms of your loan on your behalf. Loan Modifications are only made when borrowers can or are no longer able to make their monthly mortgage payments due to financial strain, hardship or a sudden increase in their loan payment.	Most lenders look at the majority of loan modifications on a case by case basis. They clearly base it on your current financial situation and hardships, that we are able prove to your lender. Then we are able to change your interest rate as well as your loan terms. By doing this, we are able to lower your loan payment enabling and empowering you to be able to stay in your home. All, while bringing your loan current, and saving you money.	The new federal housing bill, signed into law by President Bush on July 30, 2008, goes into effect October 1, 2008 and provides some relief and support for current homeowners. Regardless of your current situation we can let you know if you qualify. Fill out the form above for a free consultation and apply online.

UApply is the trusted leader in helping normal, everyday hard working people lower their monthly mortgage payments without having to refinance their home and pay all those new closing costs all over again. Having served many clients since 1999, they have the experience necessary to guarantee you exponential results to lower your overall monthly mortgage costs for you today.

Below is a list of conventional plans and methods that we use to stop the foreclosure sale. These plans are summarized briefly below. When working out a solution with your lender, sometimes it is necessary to use a combination of methods to achieve success.

When conventional methods are not possible, we use other non traditional methods that work well for some of our Customers. Read through the list to be better educated about all of the options available. Then let us assist you to work out the right plan for your needs.

Modification is most often used to reduce a borrower’s payment when the cause of the default is permanent or long term. The loan is modified to better suit the borrowers current income and situation. The amount owed can sometimes be tacked on to the back end of the mortgage which prevents the borrower from having to put so much money down up front.

REPAYMENT PLAN or FORBEARANCE AGREEMENT

Special forbearance may be offered to borrowers who have recently experienced a verifiable loss of income or increase in living expenses, but who now have sufficient monthly income to correct the delinquency and reinstate the loan within the duration of a monthly plan either through gradual repayment of the delinquent amount, or through a combination of repayment and modification or partial claim(see below).

FORECLOSURE REFINANCE

Our affiliate lenders and brokers specialize in foreclosures and can refinance delinquent loans when most conventional lenders can't. They can do this due to the measure of risk the investors involved in funding these loans are willing to take. A mortgage refinance can save your home by replacing your defaulted mortgage loan with a new mortgage loan, as well as consolidate other debts.

Here's an important tip to remember. The sooner you act, the lower your interest rate and the more you can borrow. For example, if you are only delinquent (30-90 days behind), you can borrow as much as 85%-90% of your home's value.

If you are in default, you will only be able to borrower 70%-80% of your home's value, at an interest rate that will be two to three percentage points higher. If you are in a full-blown foreclosure, your refinance will be limited to about 55%-65% of your home's value.

SHORT/QUICK SALE

A short sale or quick sale is a plan to sell your house. When a lender agrees to allow a short sale, they agree to accept less for your house than you owe on it to avoid foreclosure.

CHAPTER 13 BANKRUPTCY

Chapter 13 Bankruptcy is a court approved repayment plan based on your income. It allows you to keep your house and make payments to your debtors based on what you can afford to pay them.

PARTIAL CLAIM (FHA mortgages only) (Some Freddie Mac Investor loans)

The loss mitigation specialist may assist in requesting a partial claim if you qualify. You may be eligible if your loan is 120 to 365 days past due. A partial claim results in placing your past due payments into a subordinate mortgage (2nd mortgage) between you and the Secretary of Housing Urban Development. The partial claim note will require you to start making payments when you pay off the first mortgage. There is no interest. The partial claim can be for no more than 12 months of past due payments. Click here if you want to talk to a loss mitigation specialist about participating in this program.

Partial Claims may be offered to borrowers who satisfy all of the following requirements:

• Have overcome the cause of the default.
• Have sufficient income to resume monthly mortgage payments.
• Do not have sufficient surplus income to repay the arrearage through a repayment plan.
• A mortgage modification is not appropriate.
  

SPECIAL FORBEARANCE - Suspended Payments

If you have incurred a short term financial hardship and your loan is 90 days to 365 days past due, the loss mitigation specialist will also consider submitting a request for a special forbearance. A special forbearance is designed to provide you with more relief than is possible with a regular repayment plan. Typical approval can result in spreading the repayment over 12 to 18 months. Type II - can be utilized in an unemployment situation whereby the promise of future employment is present.

DEED-IN-LIEU

A deed in lieu is sometimes acceptable to a lender. When accepted, this option allows you to deed your house back to your lender to avoid foreclosure. The lender releases you from the mortgage and repossesses the house.

Lease Back Program (non-conventional)

A lease back program requires that you have at least 30% equity in your home. If so, then a group of our investors will purchase your home and lease it back to you for a period of 12-18 months. At the end of that term, you can purchase the house back at a predetermined and agreed upon price.