Struggling homeowners who want to apply for a loan modification with their lender to get a more affordable mortgage payment will need to submit the required loan modification forms for review to determine if they will qualify for assistance.  What are these forms and where can you get them?  How can you be sure that you have completed the loan modification forms properly so that you have the best chance for approval?  Here is a list of the 7 main forms, how to complete them correctly and where you can get the forms:

#1:  Submission Sheet-This loan modification form briefly outlines your request for a loan workout and explains to your lender what your payment goal is.  This is where you request that certain terms on your current loan be modified to result in a mortgage payment you can afford.  This form is provided in The Complete Loan Modification Guide.

#2:  Document Checklist:  The loan modification form that helps you provide everything your lender will need to see in order to review your application quickly and without unnecessary delays.  When you follow the Document Checklist and stacking order included in The Complete Loan Modification Guide you can be sure that you have provided everything your lender will need to review and so be able to get the answers you need quickly.

#3:  Borrowers Statement:  A loan modification form that gives all of your basic information, such as your name, birth date, employment information and dependent information.  This information must be provided accurately and completely as it becomes the reference sheet for you application.  You can get this form in The Complete Loan Modification Guide. 

#4:  Current Financial Statement:  This loan modification form details all of your income and expenses each month.  It basically paints a picture of your current financial situation and shows your lender that the current mortgage payment is a hardship.  This is one of the most important forms that your lender reviews as it can determine if you qualify for loan modification help or not.  Make sure you know how to complete this form properly by following the step by step directions in The Complete Loan Modification Guide.

#5:  Proposed Financial Statement:  The loan modification form that shows your bank in black and white that if granted the loan workout you will be able to afford the new lower modified mortgage payment now and in the future.  It also proves to your lender that you have made the necessary changes to your lifestyle and family budget that makes continued home ownership your priority.  When you complete this form provided in The Complete Loan Modification Guide and follow the detailed directions, you can convince your lender that you are a good candidate for help.

#6:  Hardship Letter:  All lenders require homeowners to demonstrate a financial hardship before they will be considered a candidate for a loan modification.  The acceptable way to do this is to provide you bank with a detailed and convincing explanation of the circumstances that caused the payment hardship.  Your Hardship Letter should also assure your bank that you put a plan in place that will ensure that if given the loan modification, you will not be at risk of default again.  Get help to write your own compelling letter by following the outline and letter template provided in The Complete Loan Modification Guide.

#7:  Rental Property Schedule:  This loan modification form is used when you have investment or rental property.  This outlines the current loan balances, monthly payments, taxes, insurance and maintenance.  This form also shows the current equity position of your property(ies).  You can get a copy of this form in The Complete Loan Modification Guide.

You don’t have to be confused or frustrated about how to apply for a loan modification.  Simply make the decision to learn and prepare before you contact your lender so that you will have the best chance for meeting your banks requirements.  Help is available for homeowners who know how to get it-take advantage of the billions of dollars of bailout money that has been allocated for borrowers just like you.  Start today to get the help you need and deserve by learning about the loan modification forms required and then get going with your application.

You can get the help you need to understand and complete the loan modification forms by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook 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. 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