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Loan Modifications, Reinstatements and Loss Mitigations

Did you know that most lenders would rather modify a loan than go through foreclosure? When a property is foreclosed upon, it rarely benefits anyone – especially when there is an attractive alternative.

In these tough economic times, if something affects your ability to pay your mortgage, such as losing your job or incurring extraordinary medical expenses, then your lender will consider restructuring your loan. At Argus Capital, we approach your lender as a third party. This position allows us to better negotiate a satisfactory, mutually beneficial agreement.

A loan modification may involve:

1) a reduction in the interest rate
2) an extension of the loan’s term length, or
3) a reduction in the loan principle;

It could also combine all three options.

Remember, the amount of money your lender would expend on a foreclosure is significant, and we never let them forget that fact. Realize that your lender is trying to minimize their loss, not create more.

Let’s look more closely at loan modification –

Should you fall behind on your mortgage, a lender may want to add the past due payments to your principle balance, as you make payments at the original rate and terms. Over time this leads to a complete recovery of the lender’s interest and principle ….

- But what tangible economic relief have you received?
- Are the new rates and terms the best your lender is offering? How will you know?
- What other solutions may make better sense in your situation?

At Argus Capital, we understand all aspects of loan negotiations and welcome your questions.

So, why should you use Argus Capital for your loan modification?

We are trained and skilled in negotiating loans, with over 30 years of experience
As a neutral third party we provide objectivity
We know the industry, and what lenders are making available to other borrowers
We prepare your personal financial information so that it’s most advantageous for you
We provide an expert appraisal or broker’s opinion of value before submitting information to your lender – this gives your lender a better understanding of the asset’s market value, and their downside should they foreclose.

Once your loan is modified, we ensure that you will have a full and complete understanding of the new terms and conditions. Plus, Argus Capital will continue to represent you after your loan closes. Should you have any future problems, simply
contact us.

As you review our website you will discover there are loan modifications which have short- and long-term benefits. Let us assist you in determining which options work best for you and your family. Argus Capital is here to help you save time, money and stress. To get started, contact us today.