Obama is fed up with Citimortgage taking months and months to review HAMP loan modification applications while homeowners struggle to hold onto their homes. The dismal success rate for loan workouts using the federal program has meant that the vast majority of borrowers have not been helped using the government backed home rescue plan. This is going to change as Obama has now mandated timelines and revised approval processes that lenders will be following.

Loan modification help under HAMP will now be determined within 30 days of Citimortgage receiving a homeowners complete application. Here is the basic timeline that the Fed announced needs to be implemented immediately:

• Written confirmation of receipt of loan modification request within 10 days
• Approval or denial for loan modification within 30 days of receipt of homeowners complete application
• 3 month Trial Modification given to qualified borrowers and at the end of the trial the modification will become permanent automatically.
• If denied a loan workout, homeowners will be offered another option such as short sale, deed in lieu or other exit strategy.

This is good news for thousands of homeowners who have been getting the run around from Citimortgage-sending and resending the same information over and over again, or being told they are approved one day and then the next week being told they do not qualify. This also means that homeowners will only have one chance to apply-so it is very important to prepare and accurate and acceptable loan modification application the first time.

Federal Plan

This also means that it is critical to make certain your Citimortgage loan modification application is prepared correctly the first time.  Remember, there are standard approval guidelines that must be met and your application will be reviewed carefully to determine if you qualify.  If you send in the wrong information or do make necessary adjustments to your monthly budget before Citimortgage reviews it, you could risk denial.  Thankfully, there is a formula that you can use to fine tune your budget and make certain that you fit into the approval guidelines.

If you are confused about how to figure your debt ratio, target payment, disposable income or the other qualifying triggers, take advantage of a great tool designed to help homeowners with their loan modification application.  The Loan Mod Quick App software mimics the approval guidelines and is so easy to use that all the calculations will be done for you automatically.  Simply input your own monthly income and monthly expenses and you will see immediately if you need to make any adjustments to your budget in order to qualify.  You can avoid mistakes and save hours of frustration.

Download immediately!

Get the help you need to prepare your own accurate and acceptable Citimortgage loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. 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! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Those homeowners who are having trouble making their mortgage payment or you are at risk of losing their homes may be eligible for a Citimortgage loan modification and qualify for the streamlined approval process.  The bank is now approved to offer the federal loan workout program that is funded by $75 billion dollars of stimulus money.  Learn how you may be eligible for relief using the very aggressive program initiated by President Obama to help borrowers keep their homes.

Citimortgage has agreed to abide by the loan modification terms set forth by the Treasury Department, and in return the lender will be paid for each loan workout that meets the federal guidelines.  The approval process basically involves 3 steps for homeowners-if you know how to navigate your way through and can prove you meet the guidelines, then you will be on your way to a low mortgage payment.

1. Step one is to make sure you can pass the basic eligiblity questionnaire.  If you can meet these guidelines, then you can go on to the second step.  Do you live in the home as your principal residence?  Was your loan taken out before January 2009 and is the balance less tan $729,750?  Is your current payment more than 31% of your gross income?  Are you facing a financial hardship situation?
2. If you passed those questions, then step 2 is to actually complete the loan modification forms and provide proof of your income and assets.  Be careful!  Remember, the information you provide will determine if you get approved or not-this is not the time to slap something together!  Take the time to learn about the approval guidelines, and know how to make adjustments to your budget so that you will qualify.  You can get help to complete your own loan modification forms and learn the insider tips to success in Chapter 2 of the best selling resource guide for homeowners, The Complete Loan Modification Guide.
3. You will be given a short telephone interview and you will be asked a few questions to verify the information you provided.  Make sure you have copies of all of the forms you submitted as will as all the other documents in front of you so you don’t stumble or say the wrong thing.  Learn what to say and what NOT to say in Chapter 3 of The Complete Loan Modification Guide.

Once you are approved for a Citimortgage loan modification you will be on a 3 month trial-make sure you make all of the payments on time.  Then the workout will be finalized and you can begin getting your finances back on track.  Learn the secrets to fixing your credit score in the bonus Chapter 9 of The Complete Loan Modification Guide.  These are hard times for millions of homeowners-but only those who take the time and make the effort to learn, prepare and then get going will be successful.

You can get the help you need to apply and qualify for a loan modification by ordering the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read, home edition loan mod kit that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender.

Learn how to qualify for the Obama Federal loan modification plan. Need help completing your loan modification forms?  Find out about our Customer Assist program-you work one-on-one with your very own expert to make sure your application is completed correctly. Get started today on the path to secure home ownership, order The Complete Loan Modification Guide, your loan mod in a box. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com