$75 billion dollars is waiting to offer hope and help to homeowners just like you-learn how you can get pre-qualified now for the Obama loan modification plan.  This new program is called “Home Affordable Modification” and is targeted to 5 million borrowers stuck in unaffordable mortgages.  This is a second chance for homeowners who are looking for a way to stay in their homes.  Get a jump start on the loan modification application process by learning how to pre-qualify yourself now.

The Obama loan modification plan has strict approval guidelines and not every homeowner will qualify-but you can increase your chances of success by learning about those guidelines, then using some simple steps to pre-qualify yourself before you contact your lender!  It makes sense to get some upfront knowledge about what it takes to get approved-then prepare your loan modification forms so that they have the best chance of getting accepted.

One of the most important approval requirements is your debt ratio.  You must be able to demonstrate that your new target payment will equal 31% of gross monthly income.  That new payment has to include taxes and insurance, and homeowners association dues if applicable.  Do you know how to calculate your debt ratio, determine what is needed to arrive at the right payment so that it meets that 31% requirement?  You can follow the easy, step by step directions priovided in The Complete Loan Modification Guide to learn how to calculate your own debt ratio and perfect target payment-and make sure it fits within the approval guidelines.

You will have to gather all the required documents and prepare your loan modification forms to apply for the Obama loan modification plan.  Don’t leave anything out or you could find your answer will be delayed.  Follow the simple Document Checklist and stacking order provided in The Complete Loan Modification Guide to make sure you have submitted a complete proposal.  Use the provided forms and directions to complete them correctly, and you will be confident that you have done everything you can to prepare an acceptable loan modification proposal.

The Obama Loan Modification plan could be your big opportunity to get the lower payment you need-don’t take any chances with your approval-you wouldn’t take a test with studying a bit first, right?  Well, saving your home is probably the most important thing you will ever do-so make the commitment to prepare, learn and pre-qualify yourself before you contact your lender to apply.

You can get the help you need calculate your debt ratio, pre-qualify yourself and apply for your loan modification by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook and 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. 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