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Framingham Area Mortgage Modification Attorney

Having Trouble Obtaining a Mortgage Modification?

A mortgage is the largest monthly expense of a typical family, eating up 30 percent or more of monthly take-home pay. If you are financially strapped and you're worried that soon you won't be able to make your mortgage payment, NOW is the time to act. Learn more about mortgage modification and mortgage refinancing options.

New Programs Are Available

The federal government has created a number of programs to help Americans who are struggling to make their house payments or whose homes have lost value and are now worth less than they owe on the mortgage. If you qualify for help through one of these programs, you may be able to lower your mortgage interest rates and your monthly payments. That may be enough to help save your home from foreclosure.

To learn more about federal mortgage modification and mortgage refinancing programs, call the Law Office of Raymond Mastroianni at (508) 473-8801. Attorney Mastroianni has extensive experience in Massachusetts real estate law. He can review your financial situation and advise you whether you qualify.

When You Owe More Than Your Home is Worth

There are four programs available to help homeowners whose homes have lost value and are under water. In all cases you MUST be current with your mortgage payments. These refinancing programs are designed to help people who could not get traditional mortgage refinancing.

  • Home Affordable Refinance Program (HARP)
  • FHA Short Refinance
  • FHA 2nd Lien Program
  • Principle Reduction Alternative

If You Are Current With Your Mortgage and Have Equity

If you have equity in your home but you haven't been able to get your mortgage refinanced or modified, these programs may help you. Again, you must be current on your mortgage payments.

  • HAMP, for employed persons who are struggling financially. NOTE This program has been expanded so if you didn't qualify before or if you used the program before but defaulted, you may qualify to use it again. Ask us.
  • FHA-HAMP for FHA-backed loans
  • 2MP for 2nd mortgage loans
  • USDA Special Loan Servicing for USDA guaranteed home loans
  • VA-HAMP for loans insured or guaranteed by Veterans Affairs

If You Are Unemployed

The Home Affordable Unemployment Program can reduce your mortgage payment to 31 percent of your income or it may suspend your payments altogether for one year or more if you are unemployed and unable to maintain your mortgage payments.

You Are Behind on Your Mortgage

If you have already missed payments, you may be facing foreclosure. The Home Affordable Foreclosure Alternatives Program (HAFA)helps you transition out of your house before you have a foreclosure on your record. You can receive $3,000 in relocation assistance. If you need legal help with a filing bankruptcy in Massachusetts, our bankruptcy attorney can assist you.

Talk with a Worcester Area Mortgage Refinance Lawyer

Take that first step to save your home. Contact our office or call (508) 473-8801.

  • Flexible Appointments Available
  • Home Visits
  • Free Initial Consultation

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Earlier this week I received the documents from you relating to discharging my credit card debt. Thank you for your great service, your kindness and the confidence you inspired. Initially, I found the process very upsetting and stressful, but was relieved once the process got started. It was also a comfort knowing that all the legal parts of this situation were being handled by you and your staff. Everyone was easy to work with. Thank you, and have a great fall. - Cindy F.
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Raymond M. Mastroianni
231 East Main Street, Suite 202
Milford, MA 01757

Local 508-473-8801 Cell Phone 508-400-1295 Fax 508-473-8821

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