California A+ BBB Loan Modification for Dummies | San Diego

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 20, 2009 -- For A+ BBB California Loan Modification for Dummies go to www.YourHomestart.com

President Barack Obama and his administration launched their loan modification program in April 2009, and now it is finally starting to take off. The US Treasure Department is also encouraged by the new loan modification program which will include 3 of the nation’s largest banks including JPMorgan Chase, Wells Fargo, and Citigroup as some of the first to sign up for the new President Obama’s new loan modification program.

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California A+ BBB Loan Modification for Dummies | San Diego

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http://www.yourhomestart.com

These banks have already begun the loan modification process under the program that kicked off earlier this year. HomeStart is one of the few loan modification companies to have the accredited A+ rating from the Better Business Bureau (BBB), and licensed by the California Department of Real Estate (DRE).

Anguished homeowners have enthusiastically been awaiting the mortgage loan modification program’s launch since it was first announced by President Obama on February 18, 2009. The loan modification plan will call for the servicer to reduce interest rates low enough so that their monthly obligation is no more than 38% of a borrower’s income before taxes, and then the government would be able to put in money to allow the payments to drop down to 31% of their income.

HomeStart provides A+ BBB rated loan modification service to customers of all of the nation’s largest banks as well as smaller lenders such as Commonwealth and Indmac Bank. HomeStart's established personal relationship with the country’s leading mortgage lenders makes it one of the nation’s leading loan modification service companies, and they are one of the few loan modification companies to have the accredited A+ rating from the Better Business Bureau, as well as a license issued by the California Department of Real Estate (DRE).

Here is an example of a recent loan modification performed by HomeStart .

Property in San Diego, CA
Total monthly savings of $1,132.38/month

* Primary Residence:
Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of $2,445.30.
* Modified to:
Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.

For more information please visit www.YourHomestart.com

More information can be found online at http://www.yourhomestart.com

California loan services     loan modification services     mortgage loan modification