Loan Restructure - The restructuring of a homeowner's existing mortgage terms in any number of ways to meet there current financial needs and hardships be it past, present or future.

What are hardships?
Loss of income, decrease in equity, adjustable interest rates, overwhelming debt, medical issues, death of a family member, addition to the family, economy, natural disaster, etc.

How is this different from a Loan Modification?
A loan modification is a “modification” of any part of your mortgage terms which may or may or may not benefit you where as a “Restructure” is a the process of changing your loan to make it affordable for your current and long term financial stability.

What can a Loan Restructure include?
Typically but not limited to, lower interest rates, forgiveness of missed payments and principle reductions.

Is this similar to a refinance?
No. A refinance is a new loan whereby a new lender offers to purchase your mortgage debt and attaches an interest rate and program based solely on current market conditions. A Loan Restructure keeps your loan with your existing lender but changes the terms to make them affordable to your financial situation. A refinance can also include exuberant closing costs, proof of positive income, cash reserves and equity. A Loan Restructure only has a low flat fee and does not require a certain income, cash reserve limit, or positive equity.

Why would the lenders do this?
After putting together a homeowners financial picture, we prove to lenders that restructuring your loan will cost them less the alternative of you continuing to miss mortgage payments and inevitably foreclose.

Why can't I do this myself?
Of course you can negotiate with your mortgage company yourself. Just as some people act as their own accountants or legal representation. Some people are knowledgeable enough about mortgage delinquency that they are comfortable negotiating with their mortgage company. Only 2% of clients that apply for a loan modification on their own are successful and most of the time they are put in a repayment plan that actually worsens their current financial position. However, for others phrases like "partial claim", "loan restructuring", “deed in lieu”, and "special forbearance" are intimidating and confusing terms. People in this category may find dealing with their mortgage company -to be a dehumanizing experience as they are shuffled along the assembly line-like process of the lender's collection department, never sure if the representative they are talking to is truly looking out for their best interests or merely trying to re-coop their missed payments. It has taken our company many years to build the relationships we have with over 350 lending institutions, it would be difficult for anybody to go up against a billion dollar corporation by themselves or without representation.

Why Should I choose your company?
Infinity Wealth Service's negotiators each have over 20 years of experience in the banking, foreclosure and restructuring industries. Most companies claim that they can help but will only call the same 1-800 number the homeowner can call themselves from their mortgage statement. Each homeowner goes through a very detailed and organized process before being told we can help which is why we make sure that we can help before we decide to take you on as our client. We are so confident in our services that we do all of our work upfront for our clients.