“Prior to coming to LoanModOnline, I had 2 mortgages that I couldn’t afford.  My income had gone down because of the economy, and I was stuck with mortgage payments that were taking up half of my pay check.  After the loan modification, the bank cut my mortgage payments to about ¼ of my paycheck and the principal on the second mortgage was reduced to about 10% or the original amount.  Now, I can afford to stay in my home, thanks to the loan modification.”

John B.  Scottsdale AZ

“I am a single mom and with the economy that way it is, I just couldn’t afford to make the high interest adjustable rate mortgage payments anymore.  I tried to refinance my home but discovered that that I had a hugh pre-payment penalty of over $20,000.  Finally, LoanModOnline was able to negotiate my interest rate from 9% to 5% fixed rate with a loan modification, eliminating the pre-payment penalty.”  

Janelle C.  Phoenix AZ

“I was 3 months behind on my second mortgage payments, although I was current on my first mortgage, when I first contacted LoanModOnline.  Through their negotiations with my lenders, I now have a 4.75 fixed rate instead of a pay option ARM that was adding negative interest to my loan every month, and my second mortgage has been reduced from $250,000 to $50,000 because my home value is up-side-down.  Thanks to this loan modification, I can now sleep at nights instead of worrying about how I was going to stay in my home.”