We can do a car loan modification, car lease modification, truck loan modification, boat loan modification, RV loan modification and even a heavy equipment loan modification.

Auto Modification Frequently Asked Questions

· Q: What constitutes a successful modification?

· A: Generally a successful modification ranges from a 30% - 60% lowering of your payment. We usually get between a 45%-60% payment reduction.

· Q: Cost for boats?

· A: Boats vary depending on the amount owed. Most of the time we charge $995. If the boat is a $300-$999 payment we will charge the $695 and $995 for a payment of $801 and above.

· Q: What guarantee do I have?

· A: We guarantee to get your loan modified or we will return the negotiation fee. We generally know in the beginning if we can modify your loan or not. So if it is one we can't modify we return the funds to you.

Q: What is the effect to Fico?

· A: If someone is current on their payments we have found that there is no affect on their FICO. If they aren't current on their payments then the FICO is affected. FICO is affected by payments - not by a modification.

· Q: Does it make a difference whether I am late or current on the loan?

· A: Late preferably, however current works too if you can show a hardship or a pending hardship.

· Q: Can you defer the loan payment date for 60 or 90 days?

· A: Yes. A 60-90 day deferment is common.

· Q: Is this a principle reduction or interest or both?

· A: Principle reductions are less common then interest rate reductions and term extensions, however they do occur.

· Q: Can the loan be extended to reduce payments as well?

· A: Yes. This is part of the overall system we have developed.

· Q: How many months or years old does the loan need to be?

· A: We prefer the loan to be 12 months or older; however we negotiate ones that are recent too. It really just depends on the situation.

· Q: Turn around time?

· A: Turn around on auto is usually less then 30 days; 15 days is typical. Boats and RV's tend to be the same. Heavy equipment varies.

· Q: What if I have a high payment but a low interest rate?

· A: High payment and low interest still can be negotiated since we use several different variables to restructure a loan.

· Q: Can you negotiate with Credit Unions?

· A: Yes

Auto Modification Form

Vehicles We Modify:If you have a vehicle payment that is no longer
affordable, we professionally step in and negotiate an auto loan
modification. We can do a car loan modification, car lease
modification, truck loan modification, boat loan modification, RV loan
modification and even a heavy equipment loan modification. You don't
have to settle any longer for high auto payments. You could get your
payment lowered by up to 70% within a matter of weeks.

Auto Modification Form

*Name:
*Email:
Phone:
State:
What type of Vehicles?:
If Car, Auto Maker?:
If Car, Auto Model:
If Car, Auto Lease Y or N:
Balance left on the loan?:
How many payments left?:
Additional Comments:

Note: Fields with an * are required

123 Mortgage Solutions 260 Newport Center Drive Newport Beach, California 92660

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