First Horizon Foreclosure Help and Loan Modification

 


First Horizon Foreclosure Help and Loan Modification

Troubled with your finances recently or behind your mortgage payments? Then know for a fact that First Horizon National Corporation can help you with your loan modification needs.

First Horizon Loan Modification :

As early as 1864, the company, First Horizon National Corporation has already been a premier financial servicing company. At present, the company is one of the top 30 bank holding companies in the United States and is known for its exceptional customer service and dedication towards its borrowers. First Horizon is also very well known for offering sub-prime mortgages to high risk borrowers and hence at present continues to offer several different loan modification programs and options.

Most of the loans offered by the company are simply the ones that are in a default situation and so they would more likely need to be modified. The good thing is that since the company is used to getting a lot of workouts, they have already deviced a group that will focus on addressing all your loan modification needs.

Just like with any other loan, one of the determinants to be approved for this company’s loan modification program is by simply to have a good reason on why you are experiencing harships and troubles with settling your payment. When you apply for this program and get approved of it, you can take advantage of the no longer being troubled about foreclosure because the company has the capability to stop it and thus allowing you to still reside in your own home without any trouble at all.

However, you have to realize that when you apply for it, you have to also hire the services of an attorney that can help you greatly throughout the whole process until the bet results are achieved.

Qualifications for First Horizon National Corporation Loan Modification :

  • Hardship and delayed payments should be experienced at the moment.
  • Bankruptcy should no be tagged on your home so that you can qualify for this type of program.
  • You should be willing to retain your home and live in it given that the rates will be reduced to your advantage.
  • If you have a high rate on your mortgage then you can be certain that you would be approved of this type of loan modification program.
  • You should have the ability to pay for your newly adjusted payment rate.
  • You should also have stable income to prove that you can pay for you dues.

When should you apply for a First Horizon National Corporation Loan Modification?

  • Apply if and only when you know for a fact that you are behind your mortgage payments at the moment.
  • You can have your loan rates reduced with the help of First Horizon loan modification program but you can only do this if you can longer pay your mortgage dues at the moment with your current situation.

If you are facing financial hardships in making your payments:

The best solution that you can find for all your loan troubles can be provided once you are approved of a First Horizon loan modification program. Your mortgage rate can be reduced and your rates will be adjusted ensuring that you can already afford them and would no longer have to be faced with troubles no more.

There are several qualified reasons to be approved of your loan applications and you can make this happen by simply stating it well in your letter that you will submit to your company of choice in this case it is First Horizon.

Troubled property:

There are some instances wherein you are in debt far more than what your home is worth and if this is the case then know that you might no longer be able to pay for your debts. The only option you might want to consider is simply to have your loan modified to get a great deal of reduction.

First Horizon’s principle reduction plan is great and will help you to reduce your balance owed to a decent extend.

Contact Information:

For information about products and services, call (800) 489-2111.

First Horizon National Corporation
165 Madison
Memphis, Tennessee 38103
(901) 523-4444
(800) 489-4040

First Horizon Home Loans
4000 Horizon Way
Irving, Texas 75063
(800) 364-7662
(800) 707-0139

First Tennessee Bank
165 Madison
Memphis, Tennessee 38103
(901) 523-4444
(800) 489-4040

FTN Financial
845 Crossover Lane
Memphis, Tennessee 38117
(901) 435-8080
(800) 456-5460
(800) 456-5460