Frequently asked questions:

Q. What if I haven't experienced a hardship or I am not struggling with my mortgage payment? Can I still use The Loan Solutions Expert?
A. No. Although all of us would probably like to pay less on our mortgage, The loan Solutions Expert, Inc. is only here to help those that truly have a need.

Q. What if I CAN qualify to refinance but would prefer to do a modification because it costs less?
A. If you can qualify to refinance, you need to refinance. Loan modifications were put in place to help those that cannot qualify for a traditional refinance due to a hardship or other reasons.

Q. If I do qualify for a refinance, can The Loan Solutions Expert help me with that?
A. We will gladly give you the information on some of our referral partners and then you can decide who to go with. The Loan Solutions Expert, Inc. specializes only in loan modifications and therefore does not do refinances.

Q. Is it true that I may be able to skip a payment when you help me get my loan modified?
A. Yes. Most of our customers find it to be a huge relief that we are usually able to capitalize at least one month’s payment in the process of the modification.

Q. Will a loan modification reflect poorly on my credit?
A. No. Unlike a foreclosure, bankruptcy, or many credit repair agencies, a loan modification does NOT report negatively on your credit. If anything, a loan modification helps your credit because it lowers your debt ratio and when after the modification is complete it will help prevent any future lates on your mortgage.

Q. I have already been told my credit isn't good enough to refinance, does that exclude me from a loan modification also?
A. NO! Unlike a refinance, poor credit does NOT prevent you from qualifying for a loan modification.

Q. Due to the homes in my area decreasing in value, I don't have any equity left in my house. I know that prevents me from being able to refinance, but would it prevent me from a loan modification as well?
A. NO! Unlike a refinance, negative equity (aka being "upside down" on your mortgage) does NOT prevent you from qualifying for a loan modification.

Q. My lender has already filed the Notice of Default and started the foreclosure process. I've been told that it is now too late for me to obtain help. Is that true with The Loan Solutions Expert, Inc. as well?
A. Although we cannot prevent every foreclosure, there are many cases where we can make the difference between someone losing their house or not. If you are in this situation, please call us at 805-435-1231 today for a no cost analysis of your personal situation.

Q. What happens if I hire The Loan Solutions Expert and my loan is not able to be modified?
A. If the loan modification is unsuccessful, The Loan Solutions Expert, Inc. will refund back to the customer all monies less a processing fee.