Principal Reduction Program

Principal Reduction Program (Often referred to as "PRP" or “Principal Reduction Loan”) is a program designed to help people who owe more than their house is worth. It’s a “Property Relief” program for people that are “upside down” in their mortgage (negative equity), meaning the property is worth less than their current mortgage.

We understand the needs of homeowners in this financial crisis.

The Benefits:

1. Reduction in current principal balance
2. Monthly Mortgage Payment reduced by 25%-50%
3. No Credit score needed to qualify
4. Never lose Title/Ownership of your home
5. Not a lease option program
6. Not a loan Modification
7. No Note Buying
8. No 3rd Party Ownership
9. No Re-fi Needed

Who Qualifies?

Most homeowners with negative equity in the property will qualify for this program:

* Must be upside down (Negative Equity)
* Must be able to prove some form of hardship
* Must be able to prove income
* Mortgage loan contains errors and omissions

Our staff of mortgage and Real Estate professionals possess the experience and expertise to get your lender to negotiate a Principal Mortgage Reduction on your behalf successfully.

In addition, homeowners who take advantage of our Principal Reduction Program will receive a Free Loan Modification submission to their mortgage lender.