Losing sleep and stressed out by the thought of losing your home? There is another option-you don’t have to give up your home and ruin your credit-there is hope for financially strapped borrowers with President Obama’s stimulus program.  The federal government is paying lenders to modify home loans for borrowers who are at risk of foreclosure.  This could be the help you need to stay in your home.

This loan modification program is called Home Affordable Modification and is being paid for by the Treasury Department with $75 billion in stimulus funds.  These are your tax dollars, so don’t hesitate to apply for assistance.  President Obama is reaching out to over 5 million homeowners and encouraging them to apply with their lenders for a loan workout using this very aggressive program.  Even if you have been turned down by your bank before, you are allowed to re-apply.  During this review process, all foreclosure and collection proceedings will be halted.

Federal Plan

How does this Home Affordable Modification Plan work and who will qualify?  The government program has standard qualifications for everyone-this makes it much easier to apply because there is no more guess work.  If you can meet the stand guidelines then you have a very good chance of approval.  The secret to success is to learn the approval formula your bank will use and then adjust your application forms so that they fit into that formula.  This may mean making some adjustments to your household budget, but if trimming expenses will save your home, it is worth making some minor adjustments, right?

Obama’s loan modification plan calls for new loan terms that will lower your monthly mortgage payment so that it equals just 31% of your monthly gross income.  This includes principal, interest, taxes and insurance.  You can use the very same formula the federal government has required your lender to use to determine your own new modified payment, so you know ahead of time how to complete your forms and qualify for assistance.  Take a couple of hours to learn and prepare and you could be on your way to secure home ownership once again.  Don’t wait, get started today-this plan is only available for a limited time.

You can get the help you need to apply and qualify for a government loan modification by ordering the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read, home edition loan mod 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. You also get 30 days of email support to ask questions, a series of insider tips and a monthly newsletter to keep you up to date on program changes.

Home Edition Loan Modification Kit with Customer Assist

Learn how to qualify for the Obama Federal loan modification plan. Need help completing your loan modification forms?  Find out about our Customer Assist program-you work one-on-one with your very own expert to make sure your application is completed correctly. Get started today on the path to secure home ownership, order The Complete Loan Modification Guide. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com