Get started on applying and qualifying for a Bank of America loan modification by following these easy steps.  The HAMP process is easy now with the Federal streamline procedures-but you must be sure to provide the bank with everything they need to process your application.  If you follow these steps, it is possible to get a lower mortgage payment within just 30 days.

Bank of America Loan Modification Steps:

1. Contact the bank and request consideration for a loan workout under HAMP
2. The lender will send you an application package with 10 days of your request
3. Complete the financial statement accurately and correctly, provide an explanation of your financial hardship situation
4. Include 2 paychecks, hardship letter, most recent tax return and signed 4506T form
5. Return a COMPLETE package to Bank of America
6. Receive your answer-either approved or denied-within 30 days of receipt by the bank

What happens if you do not complete your financial statement correctly or do not supply all the required documents?  Well, you will be sent a Notice of Missing Documents, and your application will be delayed until those are sent in.  If you do not complete your financial statement correctly and prove that you meet the approval guidelines, you may be turned down and instead offered HAFA-a streamlined short sale program.

It is critical to follow these Bank of America loan modification steps so that you will have a good chance of approval and get your answer quickly.  Homeowners must be able to meet certain debt ratio requirements and fit into the modification formula used under HAMP.  If you are not sure exactly how to complete your application, you can use a software program designed just to help homeowners with HAMP.  The Loan Mod Quick APP software actually does all the figuring for you-your debt ratio, new target payment, asset ratio, etc are all figured immediately and automatically.  This gives you the information you need to fine tune your figures, and make any necessary adjustments so that your application is acceptable to the bank.

Does all the calculations for you!

Download immediately!

Get help to apply & qualify for a Bank of America loan modification.  Loan Mod Quick App software takes the confusion out of preparing your application. This helpful tool takes the guesswork out of qualifying by figuring your debt ratio, target payment and other important calculations for you. Why take chances with your application? Simply input your unique financial information into the Loan Mod Quick App and it calculates it all for you! You can save hours of time and avoid costly mistakes. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that includes the software, handbook, forms and much more. Visit myloanmodificationcenter.com and order today-Immediate download!