- Our fees are based upon the services we provide. You choose what steps you need help with and only pay for those services – click here for the details.
- Personal attention throughout the process. Work with the same representatives every time.
- Being part of the HALO group, you will have access to a wide range of additional services at a special relationship price.
- An entire team of knowledgeable mortgage specialists are here for you.
The Halo Loan Modification Process:
The process begins with and in depth consultation between you and the modification specialist. We want to know your current situation and determine if loan modification is the best option for you. If it is, we will accurately complete all of the necessary paperwork to begin the request, and assist you with the gathering of the proper documents. Once we receive your permission to represent you to your current mortgage company, we contact them to have the modification case assigned.
Upon completion of the loan modification package, we will present the request to your mortgage company and begin the negotiation process. We demonstrate why it is better for the lender to re‐negotiate the terms of your loan instead of foreclosing. This is the part of the process that takes the longest. It requires numerous phone calls and constant follow up with the mortgage servicer.
Once the lender agrees, they will make several requests for documentation. We review their requests and determine what is valid and what is not. If their conditions are met, the lender will then offer a solution. We discuss this option with you to determine if it meets your requests and needs. If not, we continue the negotiation process. If it does, then we have the lender present the offer in writing so you fully understand the terms. We will review the written offer to ensure it is correct, then you can sign the offer and we will return it to your mortgage provider. Once they receive it, the modification is complete and you can remain in your home with monthly payments you can afford.