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GreatViewFinancial.com What is a Loan Modification? What is a Loan Modification? The “nickname” is “Loan MOD(So if you hear that it means the same thing)

Loan Modification in St Louis

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Page 1: Loan Modification in St Louis

GreatViewFinancial.com

What is a Loan Modification?What is a Loan Modification?

The “nickname” is “Loan MOD”

(So if you hear that it means the same thing)

Page 2: Loan Modification in St Louis

GreatViewFinancial.com

Loan Modification:Loan Modification:

Procedure where by a Procedure where by a loan’s payment plan is loan’s payment plan is

changed due to a hardship changed due to a hardship of the borrowerof the borrower

Page 3: Loan Modification in St Louis

GreatViewFinancial.com

A payment plan consists of A payment plan consists of several parts:several parts:

•TermTerm•Interest RateInterest Rate•PrincipalPrincipal

Page 4: Loan Modification in St Louis

GreatViewFinancial.com

The The TermTerm is the length of time is the length of time you make payments.you make payments.

(AKA amortization schedule)(AKA amortization schedule)

Typically that Typically that is is

30 years30 years

Page 5: Loan Modification in St Louis

GreatViewFinancial.com

Interest is the Rate you pay Interest is the Rate you pay on the borrowed amount.on the borrowed amount.

Loans are set up with either an Adjustable Rate or Fixed

Rate

And some are a combination of both.

Page 6: Loan Modification in St Louis

GreatViewFinancial.com

The Principal is the amount The Principal is the amount you borrowed.you borrowed.

In some cases this may be adjusted also.

Page 7: Loan Modification in St Louis

GreatViewFinancial.com

How does a How does a Loan Modification Loan Modification

affect the parts?affect the parts?

Page 8: Loan Modification in St Louis

GreatViewFinancial.com

Affects on Interest RateAffects on Interest Rate

Your rate will be lowered.

And if you have an Adjustable rate it can be switched to a Fixed Rate

(In some cases to as low as 3-4% fixed)

Page 9: Loan Modification in St Louis

GreatViewFinancial.com

Affects on the TermAffects on the Term

The term will be adjusted to reduce the payments.

This is accomplished by changing how long you make

payments which can be changed to 40 years

Page 10: Loan Modification in St Louis

GreatViewFinancial.com

Principal (amount you owe)Principal (amount you owe)

Principal in some rare cases can be lowered.

Sometimes if you have missed payments and have penalties,

that amount will be added on to the end of your loan amount instead of paying it now.

Page 11: Loan Modification in St Louis

GreatViewFinancial.com

By Making Changes to Each By Making Changes to Each Area Your Payment can be Area Your Payment can be Adjusted so that you CAN Adjusted so that you CAN

afford to stay in your home.afford to stay in your home.

These changes can add up These changes can add up to to several hundredsseveral hundreds of of $dollars$ per month$dollars$ per month

Page 12: Loan Modification in St Louis

GreatViewFinancial.com

At Great View Financial We At Great View Financial We Are Here To HelpAre Here To Help

Hi, My Name is Yates Harrison. My Partner, Don Johnson and I

understand exactly what you are going through.

We Understand that Good People have Been Caught Up In The Housing Mess

Through NO Fault of Their Own.

Page 13: Loan Modification in St Louis

GreatViewFinancial.com

Our Guarantee…Our Guarantee…

We Will Give You a Refund If We Can’t Get Your Loan Modified !!!

Page 14: Loan Modification in St Louis

GreatViewFinancial.com

Let’s See If You QualifyLet’s See If You Qualify

Call TodayTo See if You Qualify to

Reduce Your Payment by HUNDREDs of Dollars

per Month

(636) 489-1439

Page 15: Loan Modification in St Louis

GreatViewFinancial.com

Call Today … Call Today …

Don, Can Determine with Just a Few Questions if You

Qualify For This Exciting Loan Modification Program

(636) 489-1439

[email protected]