Frequently Asked Questions
How much will I save from a mortgage modification?
The average modification reduces the mortgage payment by 30%. On average this works out to just over $570.00 per month. We can’t guarantee how much you will save, but unless the savings is to your liking, you don’t have to complete the modification. We put you in control.
What exactly does Capital City Consultants and the Modification Center do for me?
The full extent of what we do for our clients is too long to list, but here are the key components of our services:
· We provide you with expert, unbiased advice about your best course of action, grounded in more than 30-years of mortgage experience
· We take over all responsibilities for dealing with your lender
· We do the negotiating, calling, faxing, writing and deal with all the forms
· You immediately have a plan in place that gives you peace of mind
· You no longer have to deal with collection calls or letters (we make the phone stop ringing)
· We act as your advocate, acting in your best interest every step of the way
· You receive updates and work progress throughout the process, and get to track your plan on a time-line. We will email you updates every step of the way.
· The Center has direct access to decision makers at all the major lenders, allowing us to cut through the red-tape of hours and hours on hold.
· And so much more…
But I’m past due on my mortgage; can I still get a modification?
Yes, being behind is not a disadvantage at all.
My property isn’t worth what I owe on it, can I get a modification?
Yes, this actually helps in the negotiations.
How much does it cost?
Your modification consultant will go over all the details, but typically you will recoup your costs within the first two or three months from payment savings. We do accept cash, check and major credit cards. As needed, we can arrange for a payment plan to make it possible for us to help you. Ask your consultant for details.
Our Pledge To You…
· We have over 30 years of mortgage and loss mitigation experience ready to work for you.
· We have direct contact numbers to the modification departments for all major lenders and servicing companies...which means we talk to decision makers in a matter of minutes as opposed to hours that the normal consumer has to endure.
· We put together a complete profile of your mortgage situation. We provide your lender what they look for when it comes to information on a modification. We paint a personal picture of your profile that puts a “face and name” on your situation for the lender.
· We handle all communication between you and your lender. We serve your “Best Interest” in the process. A modification has to work for both the lender and you!
· We put together a plan to not only get you through a modification, but also give you a road map to stay in your home for years to come.
· We also advise you on the proper way to “Walk Away” from your property if you can not modify your loan. There is a right way and a wrong way to “Walk Away”.
No one can “Guarantee” that your loan will be modified. The ultimate “Guarantee” comes from your lender or servicing company. Anyone who says they can “Guarantee” your loan will be modified from day one is not reputable and should not be trusted.
Captial City Consultants
Affiliated With
The Mortgage Modification Center
Working for your best interest…
Working for your peace of mind!
(916) 786-5502
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