The world of home loans can be more than confusing for even experienced homeowners.
Fort Lauderdale, FL (PRWEB) February 18, 2010 –
American Residential Law Group, a specialized law firm offering in-depth assistance and information for consumers, has today deployed innovative new tools to ensure that homeowners are able to take advantage of new home loan modification laws.
The world of home loans can be more than confusing for even experienced homeowners. In fact, in this age of financial uncertainty and continued economic downturn, the wrong mortgage loan can spell disaster for homeowners. High interest rates and large mortgage payments can be impossible to keep up for any homeowner.
However, mortgage loan modification offers a means of escape that does not involve damaging credit ratings, painful foreclosures or downsizing a family’s home. Modifying a home loan offers families a chance to remain within their current home, with drastically reduced payments.
New programs mandated by the federal government allow homeowners to reduce the amount of their monthly home mortgage by a considerable amount. By reducing interest rates to rock-bottom levels (current market levels) and by extending loan terms where applicable, homeowners are able to gain a more secure financial footing that enables them to continue making their loan payments on time.
However, accomplishing a bank loan modification is not a simple task. In addition, many lenders do not make these programs known to those in trouble with their home loan. To this end, American Residential Law Group has developed innovative tools to help qualifying homeowners reduce their loan payment and bring it in line with their financial situation. Through these valuable tools, homeowners can again enjoy the dream of homeownership, without the fear that the mortgage company will foreclose on them due to late or delinquent loan payments.
To learn more loan modifications and how American Residential Law Group can be of assistance to you, visit them at http://www.ARLGNow.com.
About American Residential Law Group: American Residential Law Group is a law firm that strives to provide the community with legal assistance and all the benefits to which consumers are entitled under the law. With a considerable background in all areas of consumer advocacy, American Residential Law Group remains dedicated to providing integrity and excellence for their clients, and increasing their quality of life.
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