Loan Modifications

Employee Benefit Program
Financial Services - Real Estate

Loan Modifications,

Short Refinances, & No Appraisal REFI

What Do I Do With My Current Mortgage:

1) Do I really need an attorney to modify my current loan?

1. Do I need to spend $3,500 in Attorney fees?

2. Can I really do a loan modification by myself?

2) What documentation does The Banks Need for a Loan Modification?

1. They Will Need your Current Home Budget.

2. They Will Need Two (2) months Bank Statements, All Pages.

3. They Will Need one Month of Pay Check Stubs.

4. They Will Need a Hardship Letter.

5. Collection Account, Can it really hurt My Credit?

3) Options Available:

1. FHA Streamline REFINANCE if you currently have an FHA Loan. No Appraisal Required!

2. PENDING Approval. FannieMae Streamline REFINANCE if you currently have a FannieMae or FreddieMac Loan. No Appraisal Required!

3. Short Pay-Off Refinance (REFI) is Possible with Special Circumstances.

4. Is a Short Sale an Option?

5. Foreclosure. Is it an Option and should I consider it?

6. Pending Bankruptcy Legislation May Allow the Judge to reduce My Mortgage balance. (Called a “Cramdown”)

4) Home Equity Recovery and Projections:

1. We have developed a Financial Planning tool that will help you understand over time how much equity your home will recover.

There are many services available to help you with your current situation that are honest and straightforward. Beware of fraud and false promises. We see hundreds of clients in a year and we can advise you on the direction you must take help your situation.

Our Mortgage Planners are available to assist you by calling (805) 480-9222. You can also email: randysenzig@tomortgage.net.

Thousand Oaks Mortgage - 2318 Yew Dr. - Newbury Park, CA 91320
Office Phone: (805) 480-9222 Fax: (805)480-9722 Cell Phone: (805) 490-4024

California Department of Real Estate License # 01296269

We lend in the following states: CA