In this Section

Mortgage Tools

Satisfied Borrowers

"Thanks for running an impeccable company. They say getting a mortgage is one of life's painful events, but with Total Mortgage running the show, it was an afternoon at an Oscar nominated Hollywood movie."more...

- Young K., M.D. and Arlene R., M.D., IL

What our customers are saying about us »

Waiting For The Right Rate?

Get mortgage rates delivered to your inbox.

No spam guaranteed

Mortgage Loan Modification

How loan modification options can stop foreclosures

A mortgage loan modification will change your existing mortgage note and give you a fresh new start in managing your home loan. These changes can be in your interest rates, length (term) of the loan, late charges can be waived or added to the principle and change from Adjustable Rate Mortgage (ARM) to Fixed rate mortgage.

What is Loan Forbearance?

Forbearance means you are allowed to delay or reduce payments for a short period, with the understanding that another option will be used at the close to that time to bring your account to the current status, your lender, in agreement, will then temporarily cease legal action.

Can Loan Modification Stop Foreclosures?

Deed in Lieu of Foreclosure: This is when a lender accepts the deed back to the property instead of them going through the foreclosure process. The priciple advantage to the borrower is that it immediately releases them from most or all of the personal indebttedness associated with defautlted mortgage loan.

Mortgage Loan Modification Program in Short Sale

A short sale is when a lender accepts a discounted amount on a mortgage to avoid a possible foreclosure auction or bankruptcy.

FHA Loan Modification

Just like other government mortgage loan modification programs, there are options available for FHA loan modification programs. Other loan modification options could be with Citibank first loan modification, National City Mortgage loan modifications and similar programs with Bank of America or Well Fargo loan modifiction programs.

Our Loan Modification Process:

Our Loan Modification Experts will look at your case individually based on your financial situation, past and present. We want to stop your foreclosure, keep you in your home, establish a financial plan with mortgage payments that you can truly afford.

For a free consultation to determine if you qualify for mortgage loan modification and what options may be available, contact us for a free loan modification evaluation.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

Current Mortgage Rates

View Rates

Get a Fast, Free, No Obligation
Mortgage Rate Quote

Tax Credit Closing Date Extension

UPDATE 7/01/10: The closing date to claim the first time home buyer tax credit for those who signed a purchase agreement prior to April 30th was extended from June 30th to September 30th by Congress yesterday. The president is expected to sign the bill into law today..
For more information contact us, or call us at 877-868-2503

You can read more about the tax credit closing extension for first time and move-up home buyers on our Mortgage Rates & Trends blog.

Over $4 Billion in Mortgage Loans

We've funded over $4 Billion in mortgage loans since 1997 have an A Rating from the BBB.