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

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 3, 2009 -- For A+ BBB Massachusetts Mortgage Loan Modification Services go to www.YourHomestart.com

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

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http://www.YourHomestart.com

The unemployment rate is currently almost 10%, putting the country in a position that could lead to over three million foreclosures filings this year. This would be a rise in slightly over one million foreclosure filings from 2008. Currently, Massachusetts has almost ten thousand pre-foreclosure listings, with Worcester and Middlesex accounting for a large portion of these homes. What people don’t realize is that many of these foreclosures could be avoided by taking advantage of the Economic Recovery Package that the Obama Administration put into place earlier this year. According to CNNMoney.com, with the help of loan service companies, the Obama administration has already helped 500,000 people stay in their homes with the Homeowner Affordability and Stability Plan (HASP) he announced in February 2009.

HASP is a plan to revive the troubled housing market by focusing on reducing mortgage payments. It requires major lenders and banks to participate. The resulting losses lenders and banks incur would be refunded by Obama’s $75 billion HASP budget. Whether you are currently behind on your mortgage payments or foresee being unable to make payment in the near future, you can qualify for a mortgage loan modification .

A loan modification is a permanent change in one or more of the terms of your loan in order to make payments more manageable. The purpose is to allow the borrower to meet the new terms of the loan, allowing them to prevent foreclosure. Loan modifications can lower your interest rates, monthly mortgage payments and the principle balance. This benefits not only you as the homeowner, but it is also less expensive for a lender to modify your loan rather than going through the costly process of a foreclosure.

Whether you are currently behind on payments or foresee trouble in the future, call HOMEstart for a free consultation. We will analyze your current situation so that together we can provide a workable solution that is acceptable to both you and your lender. At HOMEstart , there is an entire team of experienced loan modification consultants who will help answer any questions you may have.

For more information please visit www.YourHomestart.com

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

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