How can American Financial Assistance Help Me? We will provide a free consultation to see if you qualify for a loan modification. Then, we will go over your options that best protect your home and credit. If you are facing a notice of default, we can move in to stop that. What is a loan modification? A loan modification is an agreement between the bank and borrower to change the original terms of a home loan. Modifications can result in lowering the interest rate on a temporary or permanent basis, to even reducing the principal amount on the loan. The main goal is to stop foreclosure on your home, and make your payments more affordable. How long does a loan modification take? Depending on your situation, it can be anywhere from a few weeks to several months. Timing depends on several factors such as your lender, state, and your financial situation. Should I negotiate with the lender myself? People negotiating with their lender typically go through a much lengthier process, and sometimes get nothing accomplished. Our attorneys have systems and relationships in place to make the process as efficient as possible. What can be done about a 2nd mortgage? Depending on the principal and interest rate, 2nd mortgages can also be reduced significantly. A representative can go over your 2nd mortgage to see what your chances are. I think something illegal was done in my loan. How can I find out? Ask your representative about obtaining a forensic loan audit. A forensic loan audit is a …

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