The big bad banks are becoming the modern bogeyman-keeping homeowners awake all night worrying about whether they will be able to qualify for a loan modification or if a foreclosure is in the near future.  While most people like to think that their mortgage lender really does care about them and their family, recent stats show a different story.

Foreclosures outpace loan modifications two to one-now that’s a scary development for the almost 2 million homeowners who are more than 30 days delinquent on their home mortgage payments.  Does that mean that the chance of actually getting a permanent loan modification are so minuscule it’s not worth even trying?  Heck no! In fact, take that as a challenge that the big bad bogeyman banks are not going to get away with taking billions in stimulus funds and not passing the wealth onto the Joe the Homeowner.  What gives?

Know the Guidelines

The only way to have a fighting chance with your mortgage lender is to know and understand the rules of the game.  It is a game, and if you do not know how to play you are at a serious disadvantage.  Trying to save your home may be the most serious undertaking of your life, so it makes sense to spend just a couple of hours knowing exactly what your mortgage lender needs from you in order to approve your loan modification.  It is surprising that so many people simply “slap” their paperwork together, send it in, and then hope for the best.  The best rarely happens, folks.

It’s frustrating that lenders don’t actually provide a bit of training and helpful insight for their borrowers so that they have at least a chance of getting their loan modification approved.  But, the fact is that it is entirely up to the borrower to prepare and submit their loan mod application-and it is entirely up to the homeowner to get it right or risk being denied any help at all.  Seems like all the players should know the rules, right?  Well, if the banks won’t tell you what you need to know then you certainly should take the incentive and learn on your own if you hope to succeed.

Easy to Use-Avoid Mistakes!

Not sure how to qualify for a 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.

Susan Gregory is the author of two resource books for homeowners and real estate professionals, the best selling The Complete Loan Modification Guide Kit & Software and The Stimulus Book-HAMP & HAFA Edition.  She also teaches workshop training classes for the federal programs to help real estate professionals assist homeowners with home retention and exit strategies.

Download immediately!

The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a loan modification software program that mimics the federal approval triggers for loan modification.  An advocate for homeowners, Susan also offers free 30 day email support for all of her clients who purchase her publications.  Thousands of homeowners have been helped using these materials.  Visit http://www.myloanmodficationcenter.com for more information.

Federal Plan

Loan Modification is an option for troubled homeowners that allow them to convert their unaffordable home loan into one featuring a lower, affordable and sustainable monthly mortgage payment.  HAMP is the federal stimulus plan designed to help you keep your home.  Learn how to qualify for your share of the $75 billion in government assistance using a do it yourself loan modification kit.

The loan modification is negotiated with your existing home loan lender and may include a reduction in the interest rate, a longer loan term and reducing the principle balance to more accurately reflect your home’s current market value. HAMP Loan modification is the solution for millions of homeowners’ stuck with toxic, adjustable rate loans that have become unaffordable.

There is a lot of information in the news today about loan workout options for the millions of homeowners who are delinquent on their home loans due to adjustable rate mortgages and decreasing home values. While new programs are being introduced by the Federal Government like the HAMP program, frustrated and confused homeowners are left scratching their heads as they try to find out which option they will qualify for and what is the best way to proceed.  Just how do you prepare your do it yourself loan modification and will a kit help you?

A loan modification will not help every homeowner that is facing the possibility of foreclosure; however it is estimated that over 4 million homeowners could get back on track by getting a do it yourself loan modification to their current loan. The economy is directly related to the housing market, and as more foreclosures are reported, the effect is felt from Wall Street to Main Street.

The most important step that the Federal Government and lenders has done is to initiate and implement streamlined and systematic programs to allow troubled homeowners immediate help. A loan modification is usually less expensive for the bank than foreclosure, and a loan workout is the solution to stop the avalanche of foreclosed properties that continue to drag the housing market down and prevent the stabilization of home values.

Homeowners seeking loan modification information need to actively investigate and learn about the many loan workout options being offered by the Federal Government through HAMP and by their mortgage lender. Over $75 Billion dollars has been allotted to help homeowners find a solution to fix their loan and stay in their home-make sure you take advantage of this federal assistance.

There is also a lot of information on the internet about loan workout options. The truth is, it may be impossible to find the most up to date and accurate information to assist you in the loan modification process. There is no “truth checker” on the internet, so desperate and vulnerable homeowners need to make sure they do their research and take the time and effort to learn as much as possible about your options.

The Complete Guide to Loan Modification handbook is the most up to date and informative source available to homeowners today seeking a loan modification and other retention options. You can save yourself hours of confusion and frustration by purchasing and downloading this low cost and easy to use guide right online. The Complete Loan Modification Guide takes you step by step through the do it yourself loan modification process and gives you everything you need to present a successful loan modification application to your lender. You can take the stress and confusion out of your loan modification application by following the simple steps outlined in The Complete Loan Modification Guide. Included is the Loan Mod Quick App software so that your debt ratio, new target payment and new interest rate are all calculated automatically for you.  Then use this information to prepare the included required loan modification forms and detailed directions on how to complete them properly.

You Can Do It Yourself!

You also learn how to figure your debt ratio so it is acceptable to your bank, how to write a compelling hardship letter and what your legal rights are. With just a small amount of your time and effort, you can learn all you need to know about loan modification. Isn’t your family home worth it? Purchase and download The Complete Loan Modification Guide now, use the easy software to be sure your financial statement is acceptable and get a fresh start with your lender.

To help you assess your situation, above is a brief outline of some of the loan modification options and other strategies available to troubled homeowners. While each situation is unique, many homeowners can negotiate an alternative repayment plan that will help get them out of default and back on the path to financial security.

Get the help you need to prepare your own accurate and acceptable 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.

Please, do not be intimidated and taken advantage of anymore. Thousands of homeowners have successfully learned about loan modification and you can too.

Just think, no more sleepless nights or stress filled days. You have the power to get back on track and on the road to financial security once again. There is a plan that will fit your situation and give you the opportunity to get to where you want to be.

The Complete Loan Modification Guide handbook is the tool you need so you can get started right now! Purchase and download The Complete Loan Modification Guide handbook now. Get educated and get going to save your home!

Let me ask you a simple question-would be rather pay a loan mod company $3000 or invest 3 hours of your time to learn how to successfully complete your do it yourself loan modification?  No one expects you to be an expert, but with just a few hours of your time and effort, you can learn enough about the process to prepare your own professional and acceptable loan workout proposal to your lender.  Loan modifications are free, so why not learn how to get the lower mortgage payment you need and save your much needed cash?

You Can Do It Yourself!

A free do it yourself loan modification does not mean that you can simply throw some forms together and hope that you get approved.  You will need to dedicate some of your time and effort to learn how to prepare your application so that it will meet your lender’s guidelines for approval.  But think of it this way, is your time worth $1000 an hour?  Because when you invest your time and effort, you are really paying yourself instead of a company.  The vast majority of loan workouts can be successful with a do it yourself loan modification.

I can hear you saying, “But I don’t know the first thing about how a do it yourself loan modification works!”  Do you know how to follow simple, step by step instructions?  Can you do simple math with the help of a calculator and provided charts?  Are you motivated to work hard to save your families home?  If the answer to these questions is “Yes” then you need to start learning more about how you can prepare your own loan modification application.

It’s true that thousands of loan mod companies and attorneys are advertising that they will help you, but the real truth is that they do not have any magic fairy dust they sprinkle over your application.  In fact, you have to spend your time gathering all of the required documents and completing your financial statements, borrower application, write your own hardship letter and all the rest before the loan mod company will start to work on your file.  So, you have already done most of the work-why not complete the job for no cost?  Unless you have a situation that involves fraud or predatory lending abuse, you do not have to pay a professional-in fact, the Treasury Department is warning all homeowners about paying anyone an upfront fee.

A do it yourself free loan modification is now easier than ever because of the new Obama federal loan modification plan.  The approval criteria is standard with every lender who is participating, so as long as you take the time to learn and pre-qualify yourself, you can prepare your own application so that it will meet that approval criteria.  There is no negotiating involved, everyone who qualifies has to get the same terms offered to them.  It’s not brain surgery, you can learn what you need to know and follow some detailed instructions to make sure that you will have a good chance of getting the modified mortgage payment you need.

In fact, the Feds have published the actual guidelines and steps that the banks have to follow to determine who qualifies for help.  You can learn these same 4 steps and use them when you complete your application forms.  This gives you the inside edge to make sure your forms are going to meet the approval guidelines-you can take much of the guess work out when you take the time to learn these 4 steps.

Are you willing to make the commitment to set aside 3 hours of your time to learn how to complete a do it yourself loan modification?  Take control of your future, and make the decision to learn, prepare and begin today to get the low payment you need to stay in your home.  Billions of dollars is allocated to help homeowners just like you-make sure you get your share.

Learn the federal 4 step formula and 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. You also get 30 days of email support to ask questions, a series of insider tips and a monthly newsletter to keep you up to date on program changes. 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. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

What is involved in a Chase do it yourself loan modification?  Wondering if you can successfully complete a do it yourself loan workout? Why are all these companies charging thousands of dollars to represent homeowners when a loan modification is free? Of course, you want to know that you will have the best chance of getting the help your family needs with a new lower mortgage payment, but what is the best way to get the results you need? Many states have prohibited companies and even attorneys from charging homeowners large, upfront fees for loan modifications.  There has been thousands of cases of abuse by predatory companies that took advantage of vulnerable homeowners.

Don’t be confused and don’t be taken advantage of.  Question #1-what is the best thing for you to do?  Let me ask you some easy questions that may help you decide how to get started:

#1: If you had a list of required loan modification forms and had access to get those same forms, couldn’t you just use that to apply for help? ANSWER: Of course you could!

#2: Can you follow simple, step by step directions to complete the required forms so that they meet your lender’s guidelines for approval to assure the best chance of success? ANSWER: Of course you could!

#3: Would you be able to do simple math, using provided charts, follow easy detailed directions to arrive at your target modified payment so that you knew it was affordable for you as well as met your lenders debt ratio guideline? ANSWER: Of course you could!

#4: Are you able to use a Document Checklist to make sure you have supplied your lender with everything they need to review your application quickly? ANSWER: Of course you can!

#5: Are you willing to dedicate 3 hours of your time and effort to learn the simple steps in a do it yourself loan modification so you can avoid foreclosure-while saving thousands of dollars? ANSWER: Of course you could!

It’s time to get serious about finding a solution to save your home. The new government loan modification program Home Affordable Modification has made it easier than ever to get a loan workout. Help is available if you know how to get it, but throwing some paperwork together and hoping for the best is not the answer. Paying thousands of dollars to a loan mod company is a waste of your hard earned and much needed cash. You can easily learn enough in a few hours to prepare a professional and acceptable loan modification application. Can you make the decision to learn and prepare, then contact your lender to get the do it yourself loan modification you need? Of course you can!

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.

Home Edition Loan Modification Kit with Customer Assist

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. You also get 30 days of email support to ask questions, a series of insider tips and a monthly newsletter to keep you up to date on program changes. 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. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Wondering if you qualify for a loan modification with your lender?  Read about these homeowners who successfully modified their loan using the #1 resource for homeowners…

The #1 Do It Yourself Resource Guide-A Complete Loan Modification System for Homeowners

This Proven System Provides Homeowners with Everything they need to Successfully Modify their Mortgage themselves-and save thousands of dollars and hours of stress and frustration!

We believe in Helping Homeowners Help Themselves

This best selling kit is written in easy to understand, simple to follow, step by step directions that follows our proven application system– what does that mean?

A Loan Modification application that gets results!

Here are just a few examples of the successful loan modifications homeowners have received by using The Complete Loan Modification Guide kit:

Gabe & Maria had almost given up hope and were about to list their home for a Short Sale when they bought the Kit and decided to give it a try. Maria, a housekeeper, was worried about providing all of the documentation her lenders, Indymac and Wells Fargo, might need. Following the instructions she completed the application forms and using the Document Checklist, she submitted the complete application to the banks. 38 days later, both the first and second loans were modified and they were able to keep their home.

First Loan: Rate lowered to 3%, deferred $89,969 of principal and lowered payment by $1994 per month. Second loan: Waived all interest, new term of 20 years-payment cut in half.

Patty & Mario had paid $4500 to a company to help them modify their first loan, but were still struggling to pay their 11% second loan. Deciding to purchase The Complete Loan Modification Guide kit and try themselves, they prepared their forms and submitted the application to GMAC. They were extremely pleased when the bank approved their do-it-yourself application and they were able to get rid of their second loan altogether!

Second Loan: $99,650 Principal Forgiveness

Javier, a painter, was struggling to pay his $3363 monthly mortgage payment. He could not afford to pay thousands to a loan mod company, so he purchased the kit and filled out his application following the step-by-step directions. Learning about Obama’s Stimulus Loan Mod Plan in Chapter 2, he requested a loan modification using this federal program, and here’s the result:

Home Affordable Modification Plan lowered his mortgage payment to $1464.88 = 43% decrease!

Patricia was sick with worry-she had paid an attorney $3500 to get a loan modification, but 7 months later she received notice that her home was going to be sold by the bank. She decided to take matters into her own hands, purchased the Kit, and prepared her application using the forms provided in Chapter 10. She didn’t waste any time, and called her lender to apply for a loan modification again.

Home Affordable Modification Plan payment lowered by $1345 per month, foreclosure sale halted

Inez, a daycare provider, was 90 days delinquent on her Indymac mortgage and facing the possibility of losing her home. Although her family told her she could not qualify, she went ahead and bought The Complete Loan Modification Guide kit and began working on her application forms and gathering her documents. She submitted her loan workout proposal and just 3 weeks later,

Interest Rate reduced to 3%, loan brought current, late fees waived

Don’t believe that you have to pay thousands of dollars to get a successful Loan Modification- If these homeowners can do it- SO CAN YOU!

Home Edition Loan Modification Kit with Customer Assist

The Complete Loan Modification Guide kit provides you with the tools, tips and directions so that you can use our PROVEN SYSTEM to successfully modify your home loan

Are you ready to become an informed, powerful homeowner? Get Started Today!

Order your Kit today and be on your way to secure home ownership- visit www.myloanmodificationcenter.com

THE COMPLETE LOAN MODIFICATION GUIDE KIT-#1 RESOURCE FOR HOMEOWNERS

Home Edition Loan Modification Kit with Customer Assist

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. You also get 30 days of email support to ask questions, a series of insider tips and a monthly newsletter to keep you up to date on program changes. 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. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Are you stuck in an unaffordable mortgage and wondering if you could be a good candidate for a loan modification?  There are federal programs that you may qualify for-with $75 billion waiting to help eligible homeowners get affordable payments, now is the time to learn how you could benefit from one of the loan workout plans.  Here are some questions and answers to help you get started.

1. What is a loan modification?  A permanent change to one or ore terms of the original terms of your mortgage-usually resulting in a more affordable payment. 
2. What is the difference between a refinance and a loan modification?  A loan modification does not require any certain credit score, appraisal or escrow.  A loan modification is free and you work with your existing lender to revise the terms of your current loan.  A refinance is a completely new loan, and requires that you meet certain underwriting criteria, including credit score, loan to value, income, etc.
3. What are the different loan modification programs available?  Each lender has their own programs and in addition, the Stimulus Plan includes a Federal program called, Making Home Affordable.  Depending on the homeowner’s situation, they may be eligible for a reduction in their interest rate down to as low as 2%, a longer loan term-up to 40 years and perhaps principal reduction or deferral.
4. How do homeowners facing financial hardship apply for a loan modification?  Borrowers will be asked to complete loan modification application forms, provide proof of their income and will be given a short telephone interview.  Based on the information provided to the bank, a decision will be made if the homeowner is eligible for assistance.
5. How can a borrower increase their chances of success?  It is very important to understand how to complete the application correctly so that the forms prove to the lender that the homeowner meets all of the guidelines.  This is easy to do when following the step by step instructions provided in The Complete Loan Modification Guide.

6. 

   Pay a Company?

   6.  Is it necessary to pay a loan modification company or hire an attorney?  In the vast majority of cases, homeowners can do it themselves and be successful.  There is no need to pay large upfront fees to an outside company-and recent statistics show that borrowers who work directly with their lenders are having a greater success rate.  President Obama is encouraging all homeowners to work with their banks directly to get help-but the secret to success is learning a bit about how to prepare your application correctly-and that is exactly what The Complete Loan Modification Guide does.

    

7. What was your motivation for publishing The Complete Loan Modification Guide kit?  Our goal has always been the education and protection of homeowners.  After seeing thousands of borrowers pay exorbitant fees and be taken advantage of, we realized that homeowners could get better results themselves-all they needed was an easy to understand and simple to follow Guide.  That is what we have provided with a complete loan modification system-
8. What do you mean “system”?  When homeowners purchase the kit, they receive an easy to read handbook with step by step directions through the loan modification process-as well as information on loan workout options, lender guidelines, tips to fill out the forms and your legal rights.

They also receive a DVD that provides an overview of the loan modification process, what is included in the kit and how to use the materials.  All of the required loan modification forms are provided on an interactive CD for easy completion and professional looking results.  They also receive a set of pre-printed forms with instructions.

But, we also give the homeowner continued support with email support, monthly newsletters and notifications on program updates.

9.  How long does it take to get a loan modification?  It varies, but we are now seeing our customers getting their answers back within 30 days or so.  The more complete and accurate your application, the faster you can expect an answer.

10.  How can homeowners get The Complete Loan Modification Guide kit and what does it cost?  The kit is $149 and it is available by visiting our website;  www.modifytoday.us.

The Complete Loan Modification Guide Kit

Handbook, DVD, CD & Bonus Materials -Boxed Set

There is $75 billion dollars in stimulus funds just waiting for struggling homeowners who need a lower mortgage payment to stay in their home.  But how can the average homeowner make sure they have a shot at getting help?  The truth is that you need to learn and undertand how to apply and qualify for the government loan modification program so that you have the best chance of success.

The Complete Loan Modification Guide kit is a boxed set packed with all the information and detailed directions you need to give you the best chance at getting the loan workout you need and deserve.  Save your time and your money-you get all of this shipped right to your door!

• The Complete Loan Modification Guide handbook-Easy to read and understand information about loan modification programs, lender guidelines, step by step directions for completing your loan modification application forms, how to calculate your debt ratio and determine your target payment, hardship letter outline and much more!
• Instructional DVD-an overview of the loan modification process that will give you the confidence and encouragement to get started right away.  Learn what to expect throughout the process and avoid delays and mistakes.
• Interactive CD-user friendly format that allows you to complete your loan modification forms online, make adjustments and revisions and then print them out for professional results-or simply print them out for manual completion.
• Bonus Materials-a set of pre-printed forms along with detailed directions to help you prepare your own accurate and acceptable application easily.

You are not alone-we are with you every step of the way with:

1. 1.  30 Day Email Support-that’s right, just email your questions and we answer you quickly with expert advice
2. Program Updates-the Kit is never outdated because you automatically get program updates as they occur.  You always know the latest program changes, new program announcements and upcoming program revisions.
3. Monthly Newsletter-stay on top of the latest housing and economic new affecting the nation
4. Saturday Workshops-live workshop every Saturday morning where you can meet and speak with other homeowners, loan experts, and real estate professionals for one-on-one assistance, encouragement and ideas (held in Orange County, CA-more locations soon!)

Get started today-order The Complete Loan Modification Guide kit and you can be on your way to the financial security your family needs.  Remember, LEARN – PREPARE – THEN APPLY

VISIT:  http://www.modifytoday.us    

                             email: yourfinancialfuture@cox.net

The Complete Loan Modification Guide Kit

Know Your Options-Save your Home

Do you qualify for a loan workout?  How can the Stimulus Plan Help You?

Stuck in an unaffordable mortgage and facing financial hardship?  You need to know and understand your options.  Finally, an affordable way to get the help you need and deserve!

Saturday Morning Workshops for Kit Owners

The Complete Loan Modification Guide Kit is a high quality, easy to use, home edition loan modification system designed to help the average homeowner apply and qualify for a loan workout.  You get all the tools, information and directions you need in this boxed Kit.  Included is:

1. The Complete Loan Modification Guide:  an easy to read Handbook packed with loan modification program information, helpful tips, and step-by-step directions through each aspect of the loan workout process

2. Instructional DVD:  An overview of the loan modification process that gives you a jump start to understand your lenders procedures and gives you the confidence to begin your own loan workout application

3. Interactive CD:  All the required loan modification forms in a user friendly format.  You are able to fill out your information right online to prepare an accurate and professional looking application or print out the forms for manual completion

4. Bonus Materials:  A set of pre-printed forms with helpful directions for completing them correctly for optimum results 

Saving your home is our goal-you are not alone.  We are with you along the way by providing

Learn how!

you with a Loan Workout System:

• 30 Day Email Support-get your questions answered fast!
• Program Updates-the Kit is never outdated because you receive program updates as they occur
• Monthly Newsletter-stay on top of the latest housing and financial news impacting the housing market
• Saturday Morning Workshop-free, one hour workshop where you can interact with other homeowners, get expert advice and assistance with your application

The Saturday morning workshops are in both English and Spanish and are held in San Juan Capistrano, California.  Other locations will be announced soon.

Helping Homeowners Help Themselves-Loan Modification Central is an advocate for the education and protection of the American Homeowner

Please visit us at:  http://www.modifytoday.us and get started today!  Contact us: 888-264-4950

 

 

 

 

 

 

Learn how!

Want to have the very best chance of getting approved for a loan workout with your lender?  Then make sure you know the loan modification criteria for approval before you complete your application or speak with your lender.  It just makes sense to learn and prepare ahead of time so you will be armed and ready to work with your bank to get a lower mortgage payment.  Here is some good information to get you started.

Every lender has their own criteria to determine if a homeowner is qualified for a loan modification.  However, all lenders follow the same general guidelines.  If you can prove in black and white that you meet those guidelines, then you are on your way to getting the help you need.  Here is the basic criteria:

1. Financial hardship-this means that due to circumstances out of your control, you can no longer afford your mortgage payment.  This could be due to an adjustable interest rate re-set, loss of income, increased expenses-like medical bills, divorce, military service, etc.  How do you convince your lender that your situation qualifies you for a loan modification?  You must write a convincing and compelling hardship letter that explains and details your circumstances.  An effective letter contains 3 critical elements-you can learn what they are and how to write your own letter to get the results you need in Chapter 2 of The Complete Loan Modification Guide kit-the #1 resource guide for homeowners.
2. 

   Work on your budget now

   2.  You must meet the debt ratio requirement-meaning your income and expenses are detailed on your financial statement or budget and clearly demonstrate that you can afford to pay and maintain the new loan payment.  What is the debt ratio requirement?  Well, that depends on the program and lender.  Most guidelines are between 38% and 52%.  Do you know how to calculate your own debt ratio and then complete your financial statement so that your expenses are in line with your income and new mortgage payment?  It’s not hard to do-just follow the easy directions in Chapter 3 of The Complete Loan Modification Guide handbook.

3. 3.  Are you able to prove your income?  Your lender needs to be able to verify your income-either with paychecks, bank statements, award letters and tax returns.  In addition, you will be asked to supply copies of a utility bill, your property tax bill and some other paperwork.  Make sure you provide everything all at once-missing items will delay your answer!  Follow the easy submission checklist provided in Chapter 10 of The Complete Loan Modification Guide kit.
4. 

   Get the Right Person on the Phone!

   4.  The telephone interview is very important-how you answer the questions will help determine your eligibility.  Make sure you have all of your loan modification forms completed and in front of you before you begin the interview.  You don’t want to be stumbling about trying to answer correctly with your lender on the phone!  You can be confident and secure when you take the time to prepare your application beforehand and be able to make any adjustments necessary prior to calling your bank.

Knowledge and preparation are the secrets to getting approved-know your lenders loan modification criteria for approval-then complete your paperwork so that it meets that criteria.  Your home is too important to leave to chance-your time and effort will be well worth it. 

You can get the help you need to apply and qualify for a loan modification by ordering and downloading 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.

Home Edition Loan Modification Kit with Customer Assist

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 and download The Complete Loan Modification Guide. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com