Seattle home mortgage- Loan modifications

Living here in the Seattle home mortgage market, I have seen the increase of individuals who are looking to do a loan modification on their home mortgage. There are several companies out there that provide home mortgage modifications. Many of these companies ask for an upfront fee and often times cannot provide a benefit to the consumer.

Individuals who are in need of a financial loan modification should always contact their lenders first. These loan modifications cost absolutely nothing. If you are unable to work directly with your lender or feel you need someone to assist you, just make sure to do the proper diligence with regards to the home modification company you use. Check the BBB, contact the State in order to make certain they are licensed properly to help you. Anyone asking for money upfront should be avoided. If a loan modification company can help you they should be paid at the end of the process not in the beginning. By taking these simple precautions you stand a much greater chance of not being taken advantage of by the many scams that are out there.