Homeowners may be contacted directly by the lender to apply for a Countrywide loan modification as the bank rolls out the Obama federal plan, Home Affordable.  That is great news and a step in the right direction, BUT, before you hastily send in your application or give the bank your information over the phone, read this.

The truth is that not every borrower will qualify for a Countrywide loan modification.  If you want to have the best chance of approval, make sure you take one hour of your time before you send in your loan modification application to get prepared.  Once you give Countrywide your application and your financial information, it will be too late to make any changes later.  You must get this right the first time if you want to get that lower mortgage payment you need to stay in your home.

A Countrywide loan modification involves preparing financial statements, writing a hardship letter proving your financial situation and eligibility and providing the bank with certain documents.  Do you know how to complete your financial statement so that it meets the approval guidelines? Do you know the 3 critical elements of a convincing and acceptable hardship letter?  Can you calculate your debt ratio and determine your new target payment?  If you need help with these important application steps, then make sure you take the time to learn before you send in your paperwork.

The good news is that help is available-if you know how to get it.  You don’t have to try to figure this out all by yourself or pay thousands of dollars to a company.  We agree with President Obama, you can and should work directly with the bank.  Just make sure you have a good general understanding of how to get approved before you speak with Countrywide-it could be the difference between approval or denial.

You can get the help you need to apply and qualify for a Countrywide 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 qualify for the Obama Federal loan modification plan. Need help completing your loan modification forms? 

Home Edition Loan Modification Kit with Customer Assist

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