Loan modifications can be the solution for homeowners who owe more than their property is worth but want to keep their property. The loan modification process has changed making it easier for homeowners to receive a mortgage reduction. For a limited time, the government has created several programs like (PRA) Principal Reduction Alternative and HARP (Home Affordable Refinance Program), to help homeowners with their mortgage issues. Even if you don't qualify for any government programs a loan modification is still possible. The key to succeeding in obtaining a loan modification is using someone who has knowledge about the modification process and is familiar with the banks and mortgage companies’ procedures. As a real estate brokerage agency, we work closely with mortgage brokers and often refer clients needing help with loan modifications. If you are interested in knowing more about or applying for a loan modification, please fill out our Inquiry form by clicking here.