Loan Modification With AHMSI
American Home Mortgage Servicing, Inc. (AHMSI) is a loan servicer, meaning they don’t originate the loan, but rather buy it packaged with other loans and act as the servicer on the loan. For example, if you originally did your loan wit
h Option One, most likely, you will need be dealing with the AHMSI loan modification department for help with your loan.
How They Work
AHMSI is very responsive to loan modification requests. One of our highest rates of success is with this servicing company. They have done a lot of step mods, which means they will set a new interest rate for the 1st year, then a slightly higher rate for the 2nd year and by the fourth or fifth year, will cap it for the life of the loan. It’s always significantly better than what the borrower previously had.
Recently, AHMSI became apart of President Obama’s Making Home Affordable plan meaning they have a deeper incentive now to assist their troubled homeowners. We have seen some great modification results come from this program.
Success With AHMSI
While many lenders are difficult to work with and take a long time to resolve a loan modification request, the AHMSI loss mitigation department has been very receptive. We have a tremendous success rate with the servicer and cite numerous examples of borrowers getting 2, 3, 4 and even upwards of 5 points reduced on their interest rate. In one case, the rate dropped from almost 10% to 5%. Monthly savings for these clients has been significant. One client is saving $500 per month. Another is saving $750. That’s an incredible amount of money to save. If your loan is serviced by AHMSI, loan modification is a very likely option for you and your family.
Do You Qualify With AHMSI?
There is a good chance you will qualify for an AHMSI loan modification. Of course, it won’t work for everyone, but compared to many lenders, chances are good. Our law group has a staff of mortgage professionals that can go over your situation in detail and make a recommendation for a course of action. We also have a good relationship with the AHMSI loss mitigation department.
We can get started on your loan modification with AHMSI right now. The application on this page gets you started. You may also call us at the number provided at the top of this page.
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