Federal Plan

There is some real assistance being given to homeowners who meet the requirements for a Wachovia loan modification and understand how to prepare their application correctly.  The lender has really stepped up the number of modification being offered, and thousands of borrowers who were at foreclosures door have been able to stay in their home.  The Fed has actually set up standard guidelines and a streamlined process-the secret to success is to learn this process and then work diligently with the bank until you receive your loan workout.  Here are some important things to know:

1.  Take the time to learn the 4 step formula that Wachovia will use to determine if you meet the approval guidelines.  It is not difficult to follow these same steps when you complete your own application-it just makes sense if you want to get approved, know what the bank is looking for and then fine tune your application ahead of time.

2.  Be prepared before you call Wachovia to begin the application process.  Don’t call in and start disclosing your financial information until you have worked on your financial statement and made sure that your figures are accurate and acceptable.  You can do this by following the step by step directions in the best selling handbook for homeowners, The Complete Loan Modification Guide Kit and using the software program that mimics the Federal guidelines for HAMP.  It’s simple-just input your financial information and the computer tells you where you might need to adjust your budget.  This is a critical step to success.

3.  Provide Wachovia with all of the documentation they will need for a loan modification approval.  This means that you should gather your paycheck stubs, tax returns, W2’s and bank statements so that you will have a complete package the first time.  So many delays are caused by missing documents-but this is something that you can and should be careful about.  Many homeowners are actually getting a trial loan modification within 3 weeks because they are following the directions in The Complete Loan Modification Guide and using the Loan Mod Quick App software.

4.  Keep careful records of all of your correspondence, telephone calls, faxes and anything else you do while working on your Wachovia loan modification.  Use the Contact Log and remember that you are building your case with the bank for a loan workout.  Write everything down with the time, date, person your spoke with, etc.  This can be the difference when it comes to finalizing your loan workout.

5.  Once you get your trial period modification, you will have to make at least 3 payments on time before your loan workout will become final.  This is critical as no delinquencies are allowed!  You will also be asked to provide updated financial information just to verify that your circumstances have not changed since the trial began.  Again, keep all of your correspondence and documents organized so you will be able to provide everything Wachovia is going to need.

The trial period is your chance to show the lender that you are able to afford the new modified loan payment and gives the bank confidence that you will not have a problem in the future with your mortgage payment.  If you miss a payment, you are out of the program and cannot re-apply.  Make sure you have made whatever changes to your budget so that you will be able to get a permanent Wachovia loan modification and be able to stay in your home for many years to come.

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 Kit. You can do it yourself with this 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 get all the required forms, and an easy to use Loan Mod Quick App software program that actually computes your budget and tells you where you may need to make adjustments so that you have the best chance of approval.

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. Don’t waste time and money, this kit makes it easy to prepare your application! Order The Complete Loan Modification Guide Kit now. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Pay a Company?

Yeah, you have probably read stories in the papers and heard news reports about the Feds and District Attorneys shutting down so called home rescue companies-firms that were raking in the big bucks and leaving homeowners high and dry.  It’s a sad fact that there are always people who will take advantage of a vulnerable human and do not have any qualms about taking someone’s last dollar and doing nothing to help that person.  I have always been an advocate for the eduction and protection of homeowners-and now that the statistics are proving me right-more homeowners are getting loan modifications themselves than these companies and attorneys-I can say “told you so”.

But if you don’t feel comfortable working directly with your lender, and you confused about whether you should pay one of the many  companies and attorneys to represent you for a loan work out with your lender-read on. Wondering if a do it yourself loan modification is an option? It is confusing for frantic homeowners who are desperately seeking a solution to stay in their homes. How can you decide if paying a loan modification company is worth the extra money you must pay? Here is some good information about the differences between working directly with your lender or hiring a company to represent you.

Beware of loan modification companies & attorneys: This is a pretty stressful and emotional time for homeowners facing default, so turning all this over to someone else is tempting. The trade off is that you are paying thousands of dollars to someone you probably know very little about. The fact is that loan modification is a relatively new option, and not many companies have a lot of experience. In addition, many firms are not properly licensed and in compliance with local laws. So, make sure you completely check out anyone you are considering doing business with. Some borrowers have paid thousands of dollars and then never heard from the company again. Do your homework to avoid being taken advantage of.  The news reports are full of stories about homeowners being ripped off by unscrupulous firms just looking for a quick buck.  Most of the time, every homeowner is told they are a good candidate-even if they are not-just to try to get a large fee out of the deal.

Benefits of hiring a  company: That being said, there are some good companies out there who can offer a service to borrowers needing a loan modification. What that service consists of is mainly processing, following up and negotiating for a final loan workout on your behalf. You still have to provide all of your income and banking documentation, and complete the loan modification forms. The loan modification company will speak with your lender on your behalf to move your file through the process, and ideally be able to get better loan workout terms because they know what to ask for. For this service, you are paying anywhere from $2000 to $10,000.

Some attorneys offer loan modification representation, but since they are actually on retainer, their fees are usually higher. Keep in mind that their is no guarantee of the outcome. Unfortunately, many times an attorney never touches your file-a processor is actually handling all of the paperwork and contacts the bank.  When do you need an attorney to represent you? Well, the vast majority of loan modifications do not require the expertise of a lawyer, especially with the new government subsidies encouraging banks to offer loan workouts to borrowers. However, if your situation is complicated or you feel you were a victim of predatory lending or abuse, an attorney may be able to get better results for you. Just be prepared to pay a lot for those services-and understand that the process will be much more drawn out once an attorney gets involved.

It is tempting to turn this problem over to someone else and hope it will get solved-but many homeowners have been able to work directly with their bank and obtain a do it yourself loan modification-for free! It is getting easier everyday for borrowers to work with their banks to find a home retention solution. The new Homeowner Affordability and Stability Plan actually pays your lender to offer you a loan modification!   Recent statistics prove that homeowners who work directly with their lender have a HIGHER success rate than companies or attorneys!

• Think about it-if you had the loan modification forms, could follow simple instructions for completing them properly, had a checklist of everything you had to submit, knew your options and your banks guidelines for approval-don’t you think you could work effectively with your bank directly? Most borrowers can be successful with their own loan workout as long as they are informed and prepared. If you don’t have an extra few thousand dollars lying around, it’s certainly something to consider!

I have written the #1 resource guide for homeowners who need a loan modification-it is easy to understand, simple to follow and best of all-CHEAP!  It took me over 18 months to compile, and prepare all of the most up to date and helpful information so that the average borrower could successfully modify their own loan.  Guess what?  It’s paying off because everyday I hear from borrowers who are getting great loan workouts and saving their home.

You can do it yourself-you just need to learn the basics of the loan modification process, be persistent and not give up.  Help is available for homeowners who know how to get it.  Now that the Feds are paying banks to modify loans, it is easier than ever to do it yourself and get quick results.  President Obama has warned homeowners against hiring any companies to represent them.

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

If you are wondering if you qualify for a federal loan workout program with your lender Saxon Mortgage, you need to know the 5 things you can do to get a quicker approval on your loan modification application. You do have some control over whether your proposal will get approved-the secret is all in how you prepare your loan modification application. Here are 5 things you can do to help you get the results you want quickly:

1. Learn about the federal guidelines for approval before you fill out your loan modification application. It’s common sense, you will have a better chance of meeting the approval guidelines if you know what they are! Every program has certain criteria that must be met for approval-take the time to learn what you bank needs to see so you can be prepared. Learn how to compute your own debt ratio and find your new target mortgage payment.

2. Write a convincing, compelling and acceptable Hardship letter that really gets your lender to empathize with your situation. Only homeowners who can show convincingly that they are suffering a financial hardship will be eligible for a loan modification. Do you know the 3 critical elements of a successful hardship letter?

3. If possible, backup your hardship story with proof. For example, if you have large medical expenses, make copies of the bills. If you were laid off or had your hours reduced, copies of letters from your employer. This hard evidence will add credibility to your story and help convince your lender that your current situation is not your fault.

4. Be certain you do not omit any income, assets or debts on your loan modification forms. This is a full disclosure process and your bank will verify everything you provide to them. If you leave out information, your file will be set aside and your answer delayed. If you misrepresent something and the bank discovers it, then your application could be denied. Do you know all the documentation your lender will need to see from you?

5. Take the time to submit a complete, legible and accurate Saxon loan modification application the first time. This means that you have followed a checklist and made sure that your lender has everything they need to approve your proposal the first time. You can prepare a professional and acceptable loan workout proposal when you have simple step by step directions to follow.

Federal Plan

The new Obama government programs are making a loan modification easy to get for millions of need American homeowners. $75 billion dollars has been set aside to help borrowers just like you avoid foreclosure and stay in their home. Saxon is participating in the federal Home Affordable Modification Program.  This means that your lender will now get paid to give you a loan modification! That is a big incentive for them to help you quickly. Make sure that you take the time to learn and prepare before you contact your lender to apply-this is your chance to get the help you need and deserve-don’t miss out!

You can get the help you need to apply and qualify for a Saxon 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

Losing sleep and stressed out by the thought of losing your home? There is another option-you don’t have to give up your home and ruin your credit-there is hope for financially strapped borrowers with President Obama’s stimulus program.  The federal government is paying lenders to modify home loans for borrowers who are at risk of foreclosure.  This could be the help you need to stay in your home.

This loan modification program is called Home Affordable Modification and is being paid for by the Treasury Department with $75 billion in stimulus funds.  These are your tax dollars, so don’t hesitate to apply for assistance.  President Obama is reaching out to over 5 million homeowners and encouraging them to apply with their lenders for a loan workout using this very aggressive program.  Even if you have been turned down by your bank before, you are allowed to re-apply.  During this review process, all foreclosure and collection proceedings will be halted.

Federal Plan

How does this Home Affordable Modification Plan work and who will qualify?  The government program has standard qualifications for everyone-this makes it much easier to apply because there is no more guess work.  If you can meet the stand guidelines then you have a very good chance of approval.  The secret to success is to learn the approval formula your bank will use and then adjust your application forms so that they fit into that formula.  This may mean making some adjustments to your household budget, but if trimming expenses will save your home, it is worth making some minor adjustments, right?

Obama’s loan modification plan calls for new loan terms that will lower your monthly mortgage payment so that it equals just 31% of your monthly gross income.  This includes principal, interest, taxes and insurance.  You can use the very same formula the federal government has required your lender to use to determine your own new modified payment, so you know ahead of time how to complete your forms and qualify for assistance.  Take a couple of hours to learn and prepare and you could be on your way to secure home ownership once again.  Don’t wait, get started today-this plan is only available for a limited time.

You can get the help you need to apply and qualify for a government 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.

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

Homeowners stuck with high mortgage payments could get the relief they need to stop foreclosure under the federal government stimulus plan that features loan modification help.  This plan is subsidized by the TARP funds and is aimed at helping 5 million borrowers find a solution to stay in their homes.  So just what does it take to get some of that bailout money assistance from your lender?  Here are some details of the program and how to apply and increase your chances of qualifying.

Learn the Basics:

Name of plan: Home Affordable Modification or HAM for short.  Most of the larger lenders and servicers are already approved to offer the program to their eligible borrowers.  Those banks still awaiting approval from the feds are accepting applications from interested borrowers.  Once approved, participating lenders are able to take advantage of incentive payments that actually reward them for each loan modified using the plans parameters.

Who can apply: Homeowners facing a financial hardship situation and who live in the home as their primary residence are encouraged to contact their lender and ask to be considered for HAM.  You will also be asked to provide proof of your income and assets to verify that your current mortgage payment (including the costs for property taxes, homeowners insurance and any homeowners association dues) equals more than 31% of your gross monthly income.  Your loan has to have been taken out before January 1, 2009 and have a balance of less than $729,750 (multi units can be higher)

Federal Government Loan Modification Plan benefits:  The goal of this program is to reduce the borrowers monthly mortgage obligation to equal just 31% of their gross monthly income.  Once a homeowners begins the application process, participating lenders have agreed to forestall any foreclosure proceedings while the application is reviewed for eligibility.  The long term benefit is an affordable and sustainable mortgage that will encourage the borrower to stay in their home and continue making payments each month.

Stimulus Plan Loan Modification Terms:  The plan calls for a standard method of modifying loans to reach the target payment.  Participating lenders are required to use these methods in order to receive the monetary incentives from the Treasury Department.  First, the interest rate will be reduced to as low as 2%, next the term may be extended to 40 years, and finally some of the principal balance may be deferred or forgiven in order to reach the 31% target mortgage payment.

Learn the Guidelines to Qualify:  Since the approval criteria is standard for everyone, it pays to learn exactly what the lender is looking for on your paperwork in order to approve your application.  If you can adjust your budget correctly and provide all of the required paperwork in a complete and accurate package, you have a very good chance of qualifying for this aggressive loan modification plan.  Now is not the time to slap something together and hope for the best.  Over 150,000 borrowers have already gotten approved, you can too when you take the time to learn and prepare.

APPLICATION TIP:  Do not contact your lender and give them your financial information until you have taken the time to work on your budget and completed your forms ahead of time.  This is critical if you hope to be able to prove in black and white that you meet the approval guidelines.  You do not want to be stumbling around with the bank on the phone trying to guess at the right answers!  Make sure you complete your loan modification forms correctly-take advantage of the step by step directions in Chapter 2 of the #1 resource guide for homeowners, The Complete Loan Modification Guide.  It’s the inside edge you need to be successful when dealing with your lender.

You can get the help you need to apply & qualify for the Stimulus plan 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. Learn how to apply and qualify for the Obama federal program too. 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

The lender may be calling or sending out notifications to homeowners offering the chance to apply for a loan modification under the new programs announced by President Obama.  While this is good news, be very careful about what you disclose to the bank.  If you say the wrong thing or submit incorrect loan modification application paperwork, you could be denied!  Here is what you need to do now in order to make sure you have the best chance of approval.

A Countrywide loan modification application must be completed correctly so that it proves to the bank that you are qualified.  You need to know what will make the difference between getting approved or getting denied.  Be careful-once you speak with the lender and say the wrong thing, or fill out your application incorrectly that information is in their system.  You have one shot to get it right.  You don’t want to miss this chance at getting an interest rate reduction to as low as 2% for up to 40 years.

Here is what you need to do -take just an hour of your time to learn about what is required to qualify for the Obama Home Affordable

Learn how to Qualify before you Apply

plan.  This way you will be prepared ahead of time and you will be able to speak with Countrywide confidently-you already know all about what they are looking for-so you have the inside edge!  Why be caught off guard and unknowingly hurt your chances for approval?  This is the second chance you need-make sure you are ready and able to take advantage of this opportunity.

If you are serious about get a Countrywide loan modification, then you need to get informed and prepared.  It is not difficult to learn the basics-you do not have to be an expert or have any experience at all.  We agree with President Obama-you can do it yourself and get the loan workout you need.

Fortunately, you do not have to try to figure this out all by yourself.  You can get the help you need to understand how to apply and qualify for a Countrywide loan modification by ordering and downloading the best selling handbook, 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.

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

Home Edition Loan Modification Kit with Customer Assist

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.

Getting your loan modification help can be tricky-make sure you are armed and dangerous before you contact your lender or a loan modification company to start the loan modification process.  You have heard the saying “knowledge is power”-that is very true when it comes to a successful loan modification.  You need help to understand how the loan modification process works and what it takes to get your loan modification approved quickly.

There are basically 3 ways to get a loan modification:

1. 

   Pay a Company?

   1.  Pay a Loan Modification company:  you pay an upfront fee to a loan modification company who agrees to review your circumstances, put together your income documents and other forms and send them to your bank for review.  They also represent you in all negotiations with your bank regarding the terms of the loan modification-lower the rate, extend the term, or forgive principle.  Currently, there is no direct regulation of these companies, so buyer beware.  Most are legitimate and will work in your best interest, however there are some companies who just take the desperate homeowner’s money and do little or nothing of benefit. 

2. Retain a lawyer specializing in loan modifications:  Some of the new loan modifications work with an attorney who may have some experience with the loan modification process.  These companies usually charge a large upfront, non refundable fee for legal services.  Usually, there will be no guarantee or refund policy.  The idea is that an attorney can bring more pressure to bear on your lender to convince them to grant the loan modification.  If the loan modification company and attorney have specific experience and knowledge pertaining to real estate law, there are some measures that can be taken to help get your loan modification approved.  Again, buyer beware and be sure to do your research before retaining a law firm to represent you in the highly specialized loan modification field.
3. Do it your yourself loan modifications:  Thousands of homeowners have successfully modified their loans themselves.  If you wish to take the time and effort to educate yourself about how the process works, learn what your lender is looking to see in a loan modification application to approve it, and
   

   You Can Do It Yourself!

   what the various loan modification options are, you may want to consider contacting and working directly with your bank.  The key is to be prepared with all of the information, required forms and documents before you contact your bank.  The secret to a loan modification approval is preparation!

There is a tremendous amount of information online about loan modifications.  It can be confusing and time consuming to try to collect all the information you need to learn.  A good idea is to purchase The Complete Loan Modification Guide handbook instead.  This is a low cost, comprehensive guide that will give you the information you need, including the 7 Steps to a Successful Loan Modification.  You will also receive the required forms with detailed instructions on how to complete them properly.  Ideas for compelling hardship letters, along

Home Edition Loan Modification Kit

with actual samples, are included too.  You will be given invaluable negotiating tips to use when working with your lender or a loan modification company.  Learn how to calculate your debt ratio to pre-qualify yourself for the new Obama loan modification plan.  Make sure you get the best, most complete Guide to loan modifications available.

Watch the short video now!  Go to: 

http://www.youtube.com/watch?v=fV92aSTdB7E

Whether you decide to hire a company or Do It Yourself, your loan modification is too important to leave to chance.  The Complete Modification Guide handbook is a “must read” for everyone considering a loan modification to avoid foreclosure.  So get informed and get going to save your home!

If you would like more information about loan modifications, please visit us at:

http://www.myloanmodificationcenter.com

Save Your Home

Out of options and facing foreclosure?  Considering bankrupcty or just walking away from your family home?  There is HOPE-you need to find out if you can qualify for a do it yourself loan modification.  A loan modification is a change to your current loan terms that results in a lower, more affordable payment.  You may be given new loan terms with your existing lender that include a lower interest rate, longer term or principle reduction.  You can stop the foreclosure process and get a fresh start with your lender. 

Keep in mind that your lender or servicing company is obligated to find the most cost effective way to cure your payment default.  This means they will compare the cost of foreclosing and selling your home to the cost of doing a loan modification.  If you have enough equity in your home to cover the deferred interest and foreclosure costs, then they may decide to proceed with the foreclosure.  If, however, you are like most homeowners across the country today, you may owe more than your home is currently worth.  In that case, a loan modification will be a win-win-you keep your home and the lender saves money too.

Talk to your lender about a loan modification as soon as possible.  Take the time to gather all the

You Can Do It Yourself!

information ahead of time so you can present your loan modification application correctly and with a very good chance of approval.  Here are some of the basic items you will need to present:

1.  Hardship Letter- a brief description of your circumstances,

2.  Proof of your income: copies of pay checks, W2’s, benefit statements

3.  Bank statements

4.  Evidence of the current market value of your home

5.  Loan Modification Forms - you can obtain the required forms and get detailed directions on how to complete them properly in The Complete Loan Modification Guide.

Persistence is one of the most important factors when it comes to getting your loan modification approved.  Your lender has been flooded with loan modification requests.  Don’t give up easily-your family’s home and your credit are on the line!

You should check out The Complete Loan Modification Guide handbook.  This is a thorough and comprehensive handbook that guides you step by step thru the loan modification process.  It is a low cost, easy to ready and easy to follow Guide tht gives you the necessary forms, as well as detailed instructions on how to complete them properly.  You will learn about invaluable negotiating tips to help you when speaking with your bank, as well as much more information necessary to give you the knowledge you need to get your loan modification approved.  DO NOT contact your lender or a loan modification company until you read The Complete Loan Modification Guide handbook.  Get educated, be persistent and you could have a fighting chance to fix your oan and save your home.  So get informed and get going!

Home Edition Loan Modification Kit

Watch the short video to learn more!  Go to:

http://www.youtube.com/watch?v=fV92aSTdB7E

If you would like more information about how to do a loan modification, please visit us at:

http://www.myloanmodificationcenter.com

You have probably heard and read a lot about loan modification programs and how they can help thousands of homeowners stuck in an unaffordable home loan.  Loan Modification is a new option for borrowers who can no longer refinance their current loan and are looking for a solution to avoid foreclosure.  You may qualify for some of the billions of dollars of aid the Congress has recently set aside to help distressed homeowners.  Here are some general guidelines for who will qualify for loan modification assistance.

• Borrowers who have sub prime or adjustable rate loans.  Many of these loans have experienced an interest rate reset that caused the monthly payment to become unaffordable.  If your interest rate and monthly payment have gone up or if your rate will adjust soon, you are a candidate for a loan modification.
• Hardship situation is another reason you may qualify for  loan modification help.  A hardship situation can be temporary or permanent, and the generally accepted hardships are:  divorce or separation, military service, loss of job or income, disability, injury or medical, death, job relocation.  However, each situation is unique, and a compelling hardship letter explaining your circumstances to your lender will help them to determine if you qualify for a loan modification.
• Severe decline in home value is another reason your lender may review your application for a loan modification.  While loss of value alone is not an acceptable reason, if you are having trouble making your monthly loan payments and cannot refinance or sell your home, the lender would rather negotiate a lower interest rate, reduction in principle or longer term instead of foreclosing.  Foreclosure can cost a lender about $50,000 and when added with the lower market value, it is often more cost effective to offer a loan modification and keep you in the home making payments.
• Lending law violations may have occured when your loan was originated.  If you were not provided with proper disclosures within a specific time frame, or if your final loan differed signifcantly from the original paperwork, you may have legal recourse.  There are laws in place to protect borrowers and the lenders take these very seriously.  Knowing this information can help persuade your lender to offer you a loan modification program.

Don’t wait any longer to find out if you qualify for a loan modification.  Time is not on your side when it comes to foreclosure proceedings.  The sooner you start working with your lender, the better chance you have a getting a loan modification so you can afford to keep your home.  Over 50% of foreclosures could be prevented if borrowers simply contacted their lender.  You need to do some research and learn about the loan modication process so you will have a fighting chance to save your home.

One of the most complete and up to date sources of loan modification information available to day is The Complete Loan Modification Guide.  This is a low cost, easy to ready home edition handbook that you can order and download right online.  The Complete Loan Modification Guide will provide you with everything you need to know about loan modifications-how you can qualify, how to start the loan modification process and provides you with all of the required forms along with detailed directions on how to complete them properly.  You get step by step instructions so you can prepare an acceptable, professional Loan Modification application.

Watch the short video to learn more now!  Go to:  http://www.youtube.com/watch?v=fV92aSTdB7E

Home Edition Loan Modification Kit

Don’t spend another sleepless night or stress filled day worrying about how to save your home, order and download The Complete Loan Modification Guide now and get started on the path to financial security.

Please visit us at:  http://www.myloanmodificationcenter.com