Unfortunately wholesale mortgage brokers find themselves at the mercy of the economy more than ever.  Just a few years ago, homeowners relied on home equity loans to consolidate debt or get cash out to finance their family needs, but now they can’t find a second mortgage to save their life. 

To many homeowners, the only hope of lower their mortgage payment could come from a loan modification negotiated from a foreclosure prevention company.  These companies charge a few grand to renegotiate the interest rates on your home loan if you can document a financial hardship.