Homeowners trying to get help with an HSBC loan modification may benefit from Obama’s 2% home rescue plan. There may be a solution to help you obtain an affordable mortgage payment and end the stress and frustration caused by financial difficulties. Loan modification help is being offered by Obama’s home rescue plan for homeowners who are at risk of falling behind on their mortgage payments or losing their home. The recession, record job losses and housing meltdown have caused a tidal wave of foreclosures across the nation, and the government has stepped in to offer a rescue plan for homeowners.
HSBC loan modification help has been slow in coming, but it is finally here. Obama has mandated that he wants to see 500,000 loan workouts completed in the next 60 days. That means that banks are really motivated to help homeowners-but only those borrowers who can prove they qualify for the program will get assistance. You are a good candidate for Obama’s government loan modification plan if:
- You live in the home as your primary residence
- Your loan is less than $729,750 and was taken out before January 1, 2009
- Your current payment is more than 31% of your gross monthly income (payment figure should include your principal, interest, property taxes, homeowners insurance and any homeowners dues)
- You are facing a financial hardship situation
If you can meet these basic requirements, then you are allowed to apply for HSBC loan modification help. The next step is to submit your financial statement, which is a detailed accounting of your monthly income, expenses and assets. Based on the information you provide, your lender will determine if you meet the approval criteria or not. The good news is that the criteria is standard for everyone. The guidelines have been published and so if you learn exactly what your bank is looking for, then prepare your forms following those guidelines, you will have a much better chance of getting the loan modification help you need and deserve.
Learn the same guidelines for approval HSBC will use 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