Altegra Credit Co Loan Modification

Altegra Credit Co. is a subdivision of National City Mortgage Corporation, one of the top lenders in the United States. Altegra was created in 2007 as the company’s sub-prime branch, which allows it to take on clients who don’t qualify for regular loans. It operates under the name “The Loan Zone,” and many of its offices are located close to NCM branches.

Because it’s affiliated with a prime lender, Altegra loan programs are more appealing than other sub-prime loans. But with rates averaging 11.5 percent on mortgages, many borrowers still have trouble keeping up with payments. Altegra Credit Co. loan modification allows such borrowers to get current and avoid drastic steps to avoid foreclosure, such as a short sale.

The Altegra mortgage modification process can be tricky without proper representation. Depending on your situation, your Altegra loan modification application can take up to three months to process. The evaluation takes into account your payment history, nature of hardship, and the amount of equity on your mortgage.

The best way to get an Altegra loan modification is to work with a loan modification attorney. Like other sub-prime lenders, Altegra handles a lot of loan modification requests and it can be hard to get your file to the top. With a loan modification attorney, you’ll get faster service and a better chance of getting good rates.