You have probably heard and read a lot about loan modification programs and how they can help thousands of homeowners stuck in an unaffordable home loan.  Loan Modification is a new option for borrowers who can no longer refinance their current loan and are looking for a solution to avoid foreclosure.  You may qualify for some of the billions of dollars of aid the Congress has recently set aside to help distressed homeowners.  Here are some general guidelines for who will qualify for loan modification assistance.

• Borrowers who have sub prime or adjustable rate loans.  Many of these loans have experienced an interest rate reset that caused the monthly payment to become unaffordable.  If your interest rate and monthly payment have gone up or if your rate will adjust soon, you are a candidate for a loan modification.
• Hardship situation is another reason you may qualify for  loan modification help.  A hardship situation can be temporary or permanent, and the generally accepted hardships are:  divorce or separation, military service, loss of job or income, disability, injury or medical, death, job relocation.  However, each situation is unique, and a compelling hardship letter explaining your circumstances to your lender will help them to determine if you qualify for a loan modification.
• Severe decline in home value is another reason your lender may review your application for a loan modification.  While loss of value alone is not an acceptable reason, if you are having trouble making your monthly loan payments and cannot refinance or sell your home, the lender would rather negotiate a lower interest rate, reduction in principle or longer term instead of foreclosing.  Foreclosure can cost a lender about $50,000 and when added with the lower market value, it is often more cost effective to offer a loan modification and keep you in the home making payments.
• Lending law violations may have occured when your loan was originated.  If you were not provided with proper disclosures within a specific time frame, or if your final loan differed signifcantly from the original paperwork, you may have legal recourse.  There are laws in place to protect borrowers and the lenders take these very seriously.  Knowing this information can help persuade your lender to offer you a loan modification program.

Don’t wait any longer to find out if you qualify for a loan modification.  Time is not on your side when it comes to foreclosure proceedings.  The sooner you start working with your lender, the better chance you have a getting a loan modification so you can afford to keep your home.  Over 50% of foreclosures could be prevented if borrowers simply contacted their lender.  You need to do some research and learn about the loan modication process so you will have a fighting chance to save your home.

One of the most complete and up to date sources of loan modification information available to day is The Complete Loan Modification Guide.  This is a low cost, easy to ready home edition handbook that you can order and download right online.  The Complete Loan Modification Guide will provide you with everything you need to know about loan modifications-how you can qualify, how to start the loan modification process and provides you with all of the required forms along with detailed directions on how to complete them properly.  You get step by step instructions so you can prepare an acceptable, professional Loan Modification application.

Watch the short video to learn more now!  Go to:  http://www.youtube.com/watch?v=fV92aSTdB7E

Home Edition Loan Modification Kit

Don’t spend another sleepless night or stress filled day worrying about how to save your home, order and download The Complete Loan Modification Guide now and get started on the path to financial security.

Please visit us at:  http://www.myloanmodificationcenter.com