Learn how!

You can successfully modify your own mortgage-for free!  Contrary to those ads by loan mod companies and attorneys, you do not need to be an expert or have any previous experience to work directly with your lender successfully.  The fact is that new statistics show homeowners who do it themselves have a higher success rate than the companies.  Because of the new federal programs, lenders now follow standard guidelines when considering applicants-so if you know those guidelines and prepare your paperwork right, you have a very good chance of getting a loan modification.

Why pay out your hard earned money for something you can do yourself?  Here’s what you need to do-dedicate a few hours of your time to learning the basics.  A word of caution-do not call your lender until you are prepared!  You will be asked to complete some loan modification forms and be given a short interview by your bank.  What you do and say during that process will determine if you qualify or not.  So, it just makes sense to work on your paperwork before you call-that way you know the right answers because your paperwork has been prepared, adjusted and fine tuned already.

There are 3 steps you will have to know about-they are simple if you know the basics.  It’s not rocket science, you can follow easy to understand directions and learn how to apply on your own. 

1. The first step is gathering together all of your loan modification forms and documents so that you have everything in front of you.  You can get the forms and a document checklist in the best selling handbook for homeowners, The Complete Loan Modification Guide.
2. The second step is to determine your target payment, complete the forms and adjust your budget so that it proves clearly you will be able to afford the new lower payment.  Follow the step by step directions provided in Chapter 2 of The Complete Loan Modification Guide to fine tune your budget and financial statement.
3. Write your hardship letter so that it covers the 3 critical elements to convince your lender that you are a good candidate for help.  Use the template provided in Chapter 10 so you don’t leave anything out.

Then put it all together following the submission checklist provided, and you are ready to contact your bank and start the process.  You are armed and ready-you have all of your forms already completed, know how to answer the questions and understand what you are asking for.

You don’t have to pay a loan mod company to complete your forms-you can do it yourself correctly with the help of easy to understand directions.  You don’t have to pay someone to speak on your behalf-you can talk directly with your lender and get the help you need.  Take control of your finances-don’t trust anyone else to work as hard as you will to save your home.  President Obama and the Treasury Department have designed the new plans so that you do not have to negotiate or haggle.  If you meet the requirements you qualify, so start today to learn and prepare our own loan modification application.  You can do it yourself!

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 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.