If I’m not behind on my mortgage payments, can you still help me?

To qualify for a mortgage modification, most lenders require that you have had, or will have, a documented hardship that makes it difficult or impossible to maintain your mortgage payment. Of course, the most obvious evidence of such a hardship is a delinquent payment history. In this respect, homeowners who are current on their house payment are at a disadvantage compared to delinquent borrowers, as lenders tend to focus their attention on delinquent borrowers first.

However, if you have maintained a solid payment history you may still be eligible for a mortgage modification. As part of the professional mortgage modification services that we offer, your monthly budget will be developed and documented. If you are able to demonstrate that you are running a monthly budget deficit and being forced to deplete long term assets (like a retirement account) or borrow money from other sources to maintain your house payment, you can successfully negotiate a mortgage modification.

The reality that struggling, but “current” homeowners may face additional hurdles when attempting to modify their loans is a troubling phenomenon in the marketplace. At Michigan Mortgage Modification we advocate for all struggling homeowners and celebrate those who have fought to maintain their monthly mortgage obligations, often against all odds. We stand at the ready to serve as a vital resource in helping to assist you in negotiating a reasonable, permanent mortgage payment reduction.

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