Desperate homeowners who find themselves painted into a corner with unaffordable mortgage payments and unable to sell or refinance need to find out if a loan modification is the answer for them to be able to stay in their home.  A loan modification could provide the low, affordable payment you need to help you avoid foreclosure and give you a fresh start with your lender.  How does a loan modification work and how can you qualify for this type of program?  Here are 10 important facts you need to know to help you get a loan modification:

Fact 1:  Millions of homeowners across the nation are facing foreclosure.  The Federal Government is sponsoring far reaching loan modification programs to help borrowers just like you get loan modification help to stay in their homes.

Fact 2:  Billions of dollars in Federal funds have been allocated to implement loan modification programs for qualified homeowners.  You need to learn how to apply for this help and take advantage of some of your tax dollars being spent on these programs-you deserve and need this help!

Fact 3:  Not all homeowners qualify for a loan modification.  Find out if you might be a candidate by completing a simple, pre-qualification form found in The Complete Loan Modification Guide.

Fact 4:  Has your home decreased significantly in value?  This may actually work in your favor when applying for a loan modification.  Your lender will be motivated to help keep you in your home as the cost of foreclosure will be prohibitive and not a good option for your bank.

Fact 5:  Are you facing a financial hardship that is making your mortgage unaffordable?  Your lender will consider you a candidate for a loan modification to lower your mortgage payment if you can show them that your current situation is causing the delinquency, but that you could afford to pay and maintain a new, lower monthly payment.

Fact 6:  Can you document your hardship situation?  You can add credibility to your claim by providing proof of your hardship.  For example, copies of medical bills or a letter from you employer about reduced hours or lay off.

Fact 7:  Are you able to work out a new family budget that eliminates any unnecessary expenses and is centered around your new, modified mortgage payment?  You need to demonstrate to your bank that you are committed to home ownership and are willing to do whatever it takes to stay in your home.  The Complete Loan Modification Guide will help you complete the required financial statements so that you can show your lender in black and white that you will be able to pay and maintain the new payment.

Fact 8:  You must be able to meet your lenders guidelines for loan modification approval.  What are your lender guidelines and how can you be sure you will meet them?  The Complete Loan Modification Guide will explain the lender guidelines and then help you complete the required forms so that you will meet those requirements and increase your chance for loan modification approval.

Fact 9:  Your lender will review your loan modification application for accuracy and acceptability.  You must submit all of the required paperwork so that your application will receive a quick response.  How do you know what you need to send in to your bank?  The Complete Loan Modification Guide provides you with an easy Document Submission Checklist to follow.

Fact 10:  Time is not on your side!  You need to act now to research, learn and prepare.  You will not get the help you need by simply “hoping” - you need to take the first step and make the decision to fight for your families home.  Loan modification programs are available for qualified homeowners-make sure you get the help you need and deserve.

Most homeowners never thought they would be in this position.  These are extraordinary times and extraordinary steps must be taken.  Help is available if you know how to get it.   Borrowers simply have to take control of their finances, get informed and be prepared to fight for their rights.  Toxic home loans and declining values have left few options-but a loan modification is a good, beneficial option for many borrowers.  Thousands of homeowners have already gotten loan modification help-you can too!

You can get the help you need to understand the  loan modification process 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