You should not be paying any upfront fee when seeking a professional loan modification service or attorney. Most states now have laws against charging up front fees, but of course there are still companies that charge them. Most companies that charge an upfront fee will also promise special tactics which are either highly illegal or completely false. Our goal is to actually help the homeowner, not to put them in a bigger hole. Charging thousands of dollars to someone who can’t even make their mortgage payment makes no sense, how is this helping? Performance Loan Repair does not change upfront fees and will not ask for money until the modification is completed.

Can I do a loan modification by myself with the aid of a professional? The simple answer to this question is Yes you can try, but the experience can be grueling and often with poor results. If you are ready to be on the phone for hours on end, fax documents, email account managers, and work with negotiators, for possibly days, weeks, and months then this definitely is something you can accomplish yourself. Though there are reasons you go to your tax professional to do your taxes and to your mechanic to fix your car. You might have the ability to do it yourself but you have to ask the question, is it worth doing it yourself? Opportunity cost is always something to consider. In the end, by joining the Performance Loan Repair program you are gaining an expert in the field of loan modification who will be there for you during the entire process.

So, how do I know if I can qualify for the program with my lender? Guidelines change so frequently that it would be hard to publish a set approval handbook. We can say that many factors are taken into account such as, but not limited to; Hardships, DTI (Debt to income ratios), employment types, length of last loan, value of home, current loan type, total amount of debt, investor status, and amount of savings. If you are trying to decide whether or not a loan modification is the best program for your personal situation please allow our trained professional staff to review your account, and give you an opinion based on the latest guidelines.

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