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About Us
Who We Are
MidAtlantic Loan Solutions, Inc. was founded by Joel Steinberg, its President, as a result of the turbulence in the mortgage market that started in 2007. With a degree in law, he has over 25 years of experience in helping people refinance their homes and purchase new homes, stopping foreclosure by legal means, and protecting the rights of the homeowner. In performing our loan modifications we comply with all applicable laws.
Our Mission
To be the most ethical solution for homeowners across Virginia and Washington D.C. in order to help them save their homes. We treat the homeowner's situation as if it is our own, and strive to make the process as quick and painless as possible. Each day our goal is to be better than the previous day and to learn from our succesful loan modifications. With each passing day we encounter more and more success.
Effective Loan Modification Negotiators
We endeavor to be a leader in the industry of loan modification. This is a result of our commitment to the homeowner and conducting each negotiation with excellence. Unlike other loan modification companies that hire dozens of untrained negotiators, we take a well-informed hands-on approach to every client's matter. We do not take on any new client unless (based on experience and successful past performance) until we are confident that we can serve the client's needs. We are effective because of our experience, our knowledge, and our ability to get the very best deal for each of our clients.
Our Client Base
Many of our clients have homes in Alexandria, Fairfax, and Prince William Counties in Virginia, and the areas surrounding these locations and we also service clients in other areas of the state and country.
Our primary objective to to help people stay in their homes and lower there monthly payments through the Obama Home Affordability Law.
President Obama has passed laws to help you stay in your home and we can help you take advantage of that. Here are some of the important factors to know about the new law.
Loan Modification and the Obama plan has an objective the goal of keeping homeowners in there home. First, the key to understanding the Obama plan is to understand 31% of your income.The Government will actually chip in so that the lender van modify the loan so that your loan, including taxes and insurance does not exceed 31%of your income.
They will do this, first by lowering your interest rate to 2%. If that is not sufficient, they will extend the loan to 40 years, and finally, if necessary they will forbear loan principal at no interest.
They use complicated formulas so it is suggested that you use an expert to help you navigate this to get you the best deal.
This will allow you to avoid paying payments that you are behind, and/ or avoid foreclosure because banks realize they are better off with a loan modification. The time has never been better to get a great deal to stay in your home.