If you are wondering if you qualify for a federal loan modification program with Indymac Bank, 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 application. The federal stimulus plan called HAMP has standard approval criteria, learn this information so you can prepare an acceptable application yourself. 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 Indymac 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-use a software program that will do all the calculations for you to avoid mistakes.

2. Write a convincing, compelling and acceptable Hardship letter that really gets your lender to empathize

Know the 3 critical elements of a hardship letter

Know the 3 critical elements of a hardship letter

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?  One tip is to use the phrase “imminent risk of default” to get your lenders attention.

3. 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 Indymac that your current situation is not your fault.

4. 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. If you are given a trial modification, your final workout will not be offered if you cannot prove what you have submitted. Do you know all the documentation Indymac will need to see from you?  Follow a checklist provided in The Complete Loan Modification Guide Kit to be sure you do not leave anything out.

5. Submit a complete, legible and accurate 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. Your financial statement must prove that you meet the HAMP guidelines-use the software program that mimics these guidelines so that you know your application is accurate and acceptable.

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. Indymac 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 Indymac to apply-this is your chance to get the help you need and deserve-don’t miss out!

Download immediately!

Download immediately!

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.

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