| Headquartered in Irvine, CA, Option One Mortgage Corporation is one of the largest mortgage services in America. Found in 1992, Option One has serviced over 70bn in sub-prime mortgages.
Like other lenders, Option One has offered ARM loans to its borrowers which are fixed for certain duration and then get adjustable. This has caused serious trouble for many borrowers who now aren’t able to afford their mortgages. Hence Option One’s Loan Modification Program is helping those troubled borrowers from that high interest loans and offering them rate reductions, payments reduction, principle forbearance, extension of term, etc.
To qualify for an Option One Loan Modification Plan one should either have financial hardships like reduction in income, loss of job, unemployment, laid off from work, divorce, family crisis, medical problems, upside down on property, living on fixed income, etc or should be behind on the mortgage payments. If your house is under foreclosure, Option One loan modification program can help you avoid the foreclosure and keep the house. The best way to modify your loan with Option One is to hire a professional Loan Modification Attorney who can get your results that you need. |
