A few words About US
The members of our team are like you. We have each had a reduction in household income, although for different reasons, and felt we were perfect candidates for a loan modification. After all, wasn't that what the loan modification program was about? Helping those who had a legitimate financial change in their lives that caused a hardship by making the existing payments?
We had never been late for a payment. All had significant down payments. All had credit scores above 760. All were financed with major banks that had taken billions of taxpayer dollars to stay afloat. And yes, all loan modifications were denied. The loan modification process took from two to five months, but results were the same. We appealed to our lenders, but to no avail. We contacted our respective, very powerful, United States Senators, with no results. In my own case, my senator's personal assistant said to go to counseling even though ample evidence of financial responsibility was clearly transparent. I then gave up on a loan modification and applied for refinancing. There were four denials to those applications. I was told the house was underwater. I knew that; that's why these federal programs were started. It is from this set of events that a previously unknown degree of anger and frustration set in. These events also created a will within me, to find an alternative way to accomplish the goal of minimizing interest rate risk. I have an adjustable rate mortgage that resets (changes payment size) very soon. It was beyond frustrating to see historically low interest rates and not be able to take advantage of them.
The system that has been developed draws upon years of my experience in risk management. This experience gave rise to the question, "If risk was managed in other business sectors, why not in interest rates?", and the answer is, it can be.
The Real Question
The real question becomes; why are untrained borrowers allowed to enter in to adjustable rate mortgages? Surely those in high government regulatory positions must have thought that someday there may be a problem if the housing market dips, and all those adjustable rate mortgages come due, and there is no way to refinance them! Think of the speculative position these borrowers are in now: many took out mortgages in the hundreds of thousands of dollars with no protection in place from volatile interest rate movements. The borrower must be trained that they do have alternatives. We have developed the system to do the training. We are helping borrowers avoid trouble, rather than offering assistance when they are already in trouble, which is the government's approach. We hope you purchase the program and educate yourself, for the benefit of you and your family.