Massachusetts A+ BBB Mortgage Loan Modification Companies | Boston, Worcester, Lowell

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 8, 2010 -- For A+ BBB Massachusetts Mortgage Loan Modification Services go to www.YourHomestart.com

Massachusetts has been hit hard by the housing crisis, as a state with one of the highest foreclosure states in the nation. With over 4,000 new foreclosures in November alone, many homeowners are concerned. If you fear you are at risk of losing your home, it may not be too late to get help. HomeStart is here to help the many people who qualify for a home loan modification to keep their home!

What is a loan modification?

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Massachusetts A+ BBB Mortgage Loan Modification Companies | Boston, Worcester, Lowell

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http://www.YourHomestart.com

A loan modification is a permanent change in one or more of the terms of your loan. The purpose of a loan modification is to allow the borrower to meet the new loan modification terms in order to prevent foreclosure. A loan modification is not a refinance; it is a renegotiation of the loan terms. In other words, a loan modification is a contractual agreement between the Lender and the Borrower to provide long term relief from unaffordable loan terms. Loan modifications can lower your interest rate, monthly mortgage payments, and the principle balance. Since the cost of foreclosure to the Lender is higher than new loan modification terms, lenders are open to loan modifications to prevent foreclosure.

Why choose HomeStart ?

HomeStart is one of the few loan modification companies with an A+ rating from the BBB in both the Loan Modification and Real Estate Loan Modification categories. HomeStart offers free consultations with experienced representatives and strives to find the best solution to keep you in your home.

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

Massachusetts loan services