HELP!

Don’t give up yet-you can reapply for a Chase loan modification and get a second chance-there are just a few things you need to know before you get started in order to have the best chance of approval this time.  Here are 4 simple steps you can follow that will help you put your loan mod back on track:

1. Contact Chase and find out exactly WHY your loan modification was turned down.  The most common reasons are: NPV, too little or too much income, expenses too high, unable to document income
2. Once you know which issue is the problem, then you must put together your application package again so that it addresses and corrects the denial reason.  NPV failure is usually due to the current market value figure Chase has in their system, get a market analysis from your agent or an appraisal to show the true value-in this case the lower the value the better for your loan mod.  If you income is off-then run your
   

   Easy to Use Calculator

   monthly budget worksheet through the loan modification calculator to see exactly what you need to qualify-then make the necessary adjustments to your budget.  Do the same thing if your expenses are not working. Fine tune your figures using the calculator until you pass all the results populate as passing-then use those figures on your application.

3. Once you understand why you were denied, figure out how to overcome that, then re-do your Chase loan modification application with all the necessary adjustments for resubmission and review.  Be prepared to back up anything that you put on the new application-additional income, home value, etc.
4. Send in the new updated and revised forms, and then call Chase to make sure that this NEW information has been uploaded into their system, as many times they keep the old, outdated in there by mistake!

Guidelines Met! Perfect!

Just because your Chase loan modification has been denied does not mean it is the end of the road for you.  In fact, many homeowners have applied 5 or 6 times and were finally able to get their turn down reversed into a loan mod approval.  It takes 2 things to succeed- An application that proves you fit right into the program guidelines and persistence to keep on going!

Get help to reapply for your Chase loan mod, and get it right this time!  Use the best selling resource that has helped thousands of homeowners-The Complete Loan Modification Guide kit and Loan Mod Quick APP calculator

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provides detailed directions for preparing your forms, and the loan modification calculator instantly displays the monthly income, expenses and assets needed to pass the program guidelines.  Visit MyLoanModificationCenter.com for more information and get started today!

Loan Mod Questions?

Got Bank of America loan modification questions?  Here are some answers that may finally solve the mystery about how to qualify for a loan workout with the bank, and shed some light on why most borrowers get turned down.  This information is the key to increasing your chances of success, because the loan mod process can be extremely tricky for the uninformed!

Bank of America Loan Modification Answers

The #1 question from homeowners is always, How do I apply for a loan mod and be sure that I will qualify?  The answer to that is simple, and it involves math.  It’s a simple mathematical equation that the bank uses to determine if you are eligible-if your financial situation fits into this formula then you will most likely qualify.  This mathematical formula uses:

1. your gross monthly income
2. your monthly expenses
3. your assets
4. the terms & loan balance of your current mortgage

The next most important thing to know is that you too can use this very same formula-in fact it is a published guideline used by all lenders who signed up for the government loan mod programs.  Bank of America uses this formula, and so you need to understand how to fine tune your own monthly budget

Fine Tune your Figures to Pass

worksheet before you send it in for final review.  If your monthly income is too high or too low, then you won’t fit into the formula.  It’s a good idea to double check your figures by running them through the loan modification calculator before sending it in, and making any necessary adjustments ahead of time.

A Bank of America loan modification can be tricky-most homeowners simply don’t even know there is a standard approval formula, much less how to use it when preparing their own application and monthly budget worksheet.   This is definitely a situation where the more you know, the better your outcome.  You can solve the mystery-and be successful with your loan mod.

Learn the Bank of America loan modification approval formula, and get the help you need to prepare your own application correctly-use the #1 best

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selling resource for homeowners, The Complete Loan Modification Guide kit and Loan Mod Quick APP calculator.  Detailed, step by step directions for preparing your monthly budget worksheet help you avoid mistakes with monthly income, monthly expenses and assets.  Visit MyLoanModificationCenter.com for more information.

Guidelines Met!

You want to have the best chance of getting approved for your loan mod – so make sure you know how to submit the perfect Wells Fargo loan modification application!  What does it take to really get the bank to approve you for a loan workout and a new, lower mortgage payment?  It’s simple-you must prove in black and white that you fit right into the program guidelines.  But how do you actually do that?  Follow these tips to prepare and submit the perfect loan mod package:

Tip #1:  The RMA form is very important-this is the official application and the information you provide here will be carefully reviewed.  Your monthly budget worksheet-page two of this form-will be analyzed and run through the standard formula to determine if you fit the guidelines.  Make sure your income, expenses and assets all fit right in-run your figures through the Loan Mod Quick APP calculator to verify this.

Tip #2:  Be prepared to provide documentation for everything you put on the RMA-provide proof of all income with pay check stubs, canceled checks, award letters, etc.  Provide bank statements and any other documentation-just be sure that all the numbers match your RMA.  IF you get income from a non-borrower, say with room rents, then you must prove

Fine Tune your Figures to Pass

you actually receive it.  Only a portion of this type of income is allowed, learn more about that with the Loan Mod Quick APP calculator.

Tip #3:  Include the other required forms-4506T, Dodd Frank Certification-signed and completed correctly, clearly and completely.

Tip #4:  Be sure you fill in every spot on the application, and that it is legible and easy to read.  Double check all your figures, then make sure your loan number is on top of every single paper and sign everywhere required.  Make a complete copy package for yourself before you send it in.  Put together a folder and place your copy package in there, and staple your Contact Log onto the front.  Note every single thing that happens on this log-phone calls, faxes, mail, etc.  You may need to refer back to this later on.

Success!

The perfect Wells Fargo loan modification package has the best chance of approval-and you can prepare and submit your own forms so that they prove you are the perfect candidate for  a loan mod!  It’s not rocket science, but there is a mathematical formula the bank uses to determine if your income, expenses and assets are acceptable.  Make sure you understand just what you need to show in order to have the best shot are get the loan modification you need and deserve!

Need help with your Wells Fargo loan modification application?  Use the #1 best selling resource for homeowners-The Complete Loan Modification Guide kit and Loan Mod Quick APP calculator. This kit provides detailed, step by

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step directions to help you prepare the perfect application-the calculator automatically displays monthly income, expenses and asset requirements to follow.   Visit MyLoanModificationCenter.com for more information.

Loan Mod Questions?

What does it take to get approved for a Wells Fargo loan modification?  It’s not just luck when it comes to passing the guidelines for acceptance for the loan workout program, it’s actually a standard formula that the bank uses to determine who will qualify.  Once you learn just what the bank is looking to see on your application, you will have a good chance of approval.

5 Things Wells Fargo Looks For to Approve Loan Modifications:

1. Monthly Gross Income of borrowers: your income cannot be too high or too low to fit into the program guidelines.  You can count non-borrower income as long as you can prove that you actually receive it every month.  If you are not sure how much income you need to show to qualify, you can run your figures through the Loan Mod Quick calculator to see if you are passing.
2. Monthly Expenses:  you need to itemize your household expenses on
   

   Fine Tune your Figures to Pass

   the application, things like utilities, groceries, car payments, tuition, etc will all be reviewed.  Wells Fargo looks carefully at your current cash flow- the money you have left over after you pay all your bills – to help them determine your hardship situation.

3. Liquid Assets:  how much money do you have in your checking, savings, CD’s, stocks, money market accounts?  There is an Asset Ratio that you must pass, double check yours with the Loan Mod Quick APP calculator
4. Do you live in the home full time?  Most Wells Fargo loan mod programs are only for primary residences, not rentals or second homes.
5. Can your current mortgage be modified using the Waterfall method-lower the interest rate, extend the term, reduce loan balance-to reach your new modified target payment.

Guidelines Met!

Keep in mind that your Wells Fargo loan modification cannot be approved unless you pass all of these triggers-and this is the really tricky part for most borrowers.  If you don’t understand just how much income to show, how to adjust your expenses and fine tune your monthly budget, then you might have a very hard time fitting into the approval formula.

Get help to figure it all out-you can complete your Wells Fargo loan modification correctly and have a good chance at approval.  Use the #1 resource for homeowners-The Complete Loan Modification Guide kit and

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Loan Mod Quick APP calculator.  This best selling kit has already helped thousands-with step by step directions, required forms, and the calculator automatically displays income, expense, asset and Waterfall Modification requirements!  Visit MyLoanModificationCenter.com for more information and get started today.

HAMP

If you really need a HAMP loan modification then there is one sure way to give yourself the very best chance of approval-send your lender the perfect application!  What does this really mean and how can the average homeowner do this themselves?  Here is some really good information on how to get the results you need and deserve.

The PERFECT HAMP Loan Modification Application-TIPS

1. The official application form is called the RMA-Request for Modification and Affidavit, this is a 3 page form that you will be asked to complete.  Since this is the information that your bank will use to determine to approve you or not, make sure that you take your time when working on it, and that you understand how important each question and answer really is!
2. The first page asks for the borrower and co borrower information, date of birth, social security numbers, employment information, if the home is listed for sale and any pending bankruptcy issues.  This is easy enough to complete, but be sure you mark that you want to keep your home, as that will send your application to the right department.
3. The bottom of page 1 of the HAMP RMA form is the Hardship Affidavit, and this is where you can mark the reason for your current financial hardship-loss of income, lack of reserves (savings), increased
   

   Fine Tune your Figures to Pass

   expenses, excessive debt, and there is a small space to write additional information.  The perfect HAMP application will include a separate sheet of paper giving the bank a brief description of what has happened, how hard you are trying to make ends meet, and how much you want to keep your home.  Be sure to sign this and put your loan number on top, then include it with the application form.

4. The second page of the HAMP RMA application is the meat and potatoes of the approval-you must get this part right if you hope to qualify.  This is the monthly budget worksheet-you must detail your gross monthly income, monthly expenses and assets.  This information is run through the banks approval formula and if you have too much or too little income you will fail.  Make sure you fine tune your figures before you submit-you can run your own budget through the loan mod quick app calculator to be sure that you are passing, and see where you may need to make adjustments to pass all the triggers.
5. Provide income documentation to verify the information on the HAMP application, a signed 4506T form, a signed Dodd Frank certification, bank statements and any other supporting documentation.  Make a copy package for yourself and then send it in to your bank for final review.

Perfect!

The perfect HAMP loan modification application proves in black and white that you pass all the triggers for approval-your hardship situation, your monthly budget and your proof of income all fit right into the standard approval guidelines.  You really need to spend a couple of hours working on all of this in order to have the very best chance of approval-but you can do it as long as you know ahead of time just what the HAMP program requires you to show.

Get help to prepare your HAMP loan modification application-use the #1 resource for homeowners-The Complete Loan Modification Guide kit and Loan Mod Quick APP calculator.  Step by step directions, required forms, and the calculator automatically generates a sample monthly budget showing

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income, expenses, and asset requirements to pass.   Visit MyLoanModificationCenter.com for more information and get started on your application right away.

Wachovia Settlement

The class action lawsuit against Wachovia and World Savings Pick a Payment loans has some homeowners wondering what they actually accomplished.  In the settlement notification, borrowers are given the opportunity to apply again for a loan modification-even if they were previously turned down.  But the fact is that the borrower must still prove that they meet the same approval guidelines in order to be qualified.

A Wachovia loan modification is only given to those homeowners who prove in black and white that they fit into the program guidelines-whether they are part of the lawsuit or not. So what advantage did the Wachovia lawsuit give homeowners who want a loan mod?  The wording can trick borrowers into thinking that they have a better chance of approval because of the settlement, but the fact is that the same approval qualifications are being used-and if you don’t meet those guidelines then you will not be given a loan workout.

Guidelines Met!

Homeowners who participated in the Wachovia lawsuit are given another shot at applying for a loan modification-and this is another chance to fine tune your application and get it right this time.  The monthly income, monthly expenses and assets are all reviewed carefully by the bank, and if they fit into the approval formula then that borrower has a good chance of approval.  Knowing how much income  you need to qualify is the tricky

Fine Tune your Figures to Pass

part-too high or too low and you will just be turned down again.  It is a good idea to double check your own budget by running your figures through the Loan Mod Quick APP calculator-this will show you if you are passing or failing and where to make any changes.

However, since the second chance is available, it makes sense to take the time to learn exactly how to prepare the perfect Wachovia loan modification application.  Once you know the standard approval formula, you will be able to fine tune your own figures so that you fit right into the approval guidelines.

Don’t blow this second chance-make sure you prepare your loan mod application correctly- use the #1 selling resource for homeowners, The

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Complete Loan Modification Guide kit and Loan Mod Quick APP calculator.  You get step by step directions for preparing your monthly budget worksheet, and the calculator provides monthly income, expense and asset requirements to help you avoid mistakes.  Visit MyLoanModificationCenter.com today for more information.

Know the Approval Formula

Know the Citibank loan modification program guidelines and you can really increase your chances of approval greatly!  Simply guessing at how to qualify for such an important program is not the best way to do it-you need to know the actual approval formula that the bank uses, and then use that formula yourself when you complete your application.

The reason most borrowers have such a hard time with the whole Citibank loan modification process is because they don’t really know what the bank needs to see, and so they end up preparing their forms incorrectly.  Once you understand the entire approval formula is actually just a mathematical calculation, then it becomes much clearer and much easier to know exactly what you need to do.

3 Steps to Qualify for a Citibank Loan Modification

1. Never disclose your financial information to the bank until you have had the chance to work on your monthly budget ahead of time.  How do you know if your income, expenses and assets will pass the program guidelines?  Remember, this is a mathematical formula and so you must be able to prove in black and white that you meet the guidelines.  You can run your own figures through the Loan Mod Quick APP
   

   Fine Tune your Figures to Pass

   calculator first to be certain-and then make the necessary adjustments ahead of time.

2. Once you have your perfectly prepared Citibank loan modification application package ready, make a copy package for yourself, then  submit it to the bank, wait a week and then call them to verify that all your information has been received and most importantly, that it has been input into their system correctly.  Often times, the income or expenses will mistakenly be input with the wrong information, and this alone can cause a denial!  You have to double check everything with them, and make them read back to you what they show for all of your income, expenses, bank balances, etc.
3. If you are told that you do not meet the Citibank loan modification program guidelines, ask them to tell you specifically where you are failing.  If it is income or expenses, again make sure they have the correct information in their system.  If it is due to NPV, this can be often caused by an incorrect current market value of your home.  You can protest this by providing proof the actual lower value of your home.

Most of all, never give up!  Many many Citibank borrowers were turned down multiple times until they were finally approved.  The secret is knowing what the bank needs to see to qualify you, and knowing what to ask when you talk to them.  It’s not rocket science, but it is a new process for most people-that is why learning and preparing ahead of time can make all the difference in the outcome.

Do it right the first time-get help with the #1 resource for homeowners-The

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Complete Loan Modification Guide kit and Loan Mod Quick APP calculator gives you the program guidelines, forms, directions and the calculator automatically generates a sample monthly budget showing your income, expense and bank balance requirements.  Visit MyLoanModificationCenter.com today for more information.

Loan Mod Questions?

Frustrated with trying to get your Bank of America loan modification?  The process can wear you down, and if you don’t know or understand how to work the bank’s system you could find yourself turned down for the loan mod  you need and deserve.  Read some important steps you can take to ensure the best chances for success.

Bank of America Loan Modification-6 Ways to Get Approved

1. Be prepared ahead of time-know the program guidelines, what you qualify for and what you should be asking for.  Every borrower is reviewed using standard guidelines-if you know these ahead of time then you will be able to prepare a perfect application and show that you fit the program criteria.
2. Understand that Bank of America uses a mathematical formula that considers your gross income, your monthly expenses and your assets to determine if you are eligible for a loan mod, and what your new target payment and loan terms will be.  If your income is too high or
   

   Fine Tune your Figures to Pass

   too low you won’t qualify.  You can run your own budget through the Loan Mod Quick APP calculator to see where you may need to fine tune your figures to pass.

3. Be organized-have all of your application forms, income documentation, asset verification, home value information, and Contact Log all together in a folder.  Keep copies of everything you send to the bank, and log in each and every contact you make.  You are building your case for a loan modification, and this is your evidence.
4. Be ready to prove anything that you put on the Bank of America loan modification application-all income and assets must be verified so do not put anything down that you cannot prove.
5. Send in a complete, accurate and legible application package with all the required forms, verification of income, your bank statements, and any other docs needed.  If you have a severe financial hardship you can send in evidence as well-such as medical bills, etc.  This will add credibility to your claim.
6. Don’t give up if the application is denied-many homeowners have applied several times and they were finally approved.  Remember that the bank makes mistakes too, and sometimes simply verifying the information they have in their system will result in corrected data and an approval.  Be sure to ask them to tell you specifically why you did not qualify, then make the necessary adjustments and try again.

Guidelines Met!

Getting approved for a Bank of America loan modification can be tough, but it is not impossible.  You need to be ready to fight for approval, and unless you are armed with some knowledge it can be hard to demand that the bank review your application again.  The approval formula is just math, and you can use this information to help you prepare your own perfect application.

Here’s the help you need to prepare your own Bank of America loan modification application-use the #1 resource for homeowners, The Complete Loan Modification Guide kit and Loan Mod Quick APP calculator.  Step by step directions, required forms and the loan mod calculator automatically

Download immediately!

figures and displays income, expenses and asset requirements to qualify-and generates your own sample monthly budget to follow.  Visit MyLoanModificationCenter.com for more information and get started today.

Loan Mod Help

Getting approved for a Wells Fargo loan modification can be tricky, and with so much on the line most homeowners could use some help with figuring out how to increase their chances of success.  What you don’t know could hurt you when it comes to getting a loan mod-so here is some helpful information to get you started.

5 Ways to Get Approved for a Wells Fargo Loan Modification:

1. Be informed before you contact the bank-there are standard guidelines for approval that the bank follows for every homeowner.  If you know ahead of time just what you need to show the bank to qualify, then you will be one step closer to approval.
2. Fine tune your monthly budget worksheet before you submit it for review-make any necessary adjustments to your income, expenses and assets required to pass the approval formula.  If you are not sure where to make adjustments, run your figures through the Loan Mod Quick APP calculator-the results will automatically show where you are passing or failing and where to make your adjustments.
   

   Fine Tune your Figures to Pass

3. Be prepared to document everything you put on your Wells Fargo loan modification application form.  This means proof of income, proof of assets, home value.  You may need to fight for your rights, and you need to be able to back up what you say.  You can ask the bank to review your information with you over the phone to make sure that they have the correct data in their system, often there is a mistake when your data is uploaded and this can cause a loan mod denial.
4. Send in a complete, accurate and legible Wells Fargo loan modification package-include the RMA, 4506T, Dodd Frank Certification, income verification, bank statements.  Be sure to keep a complete copy package for your file, make a folder and put all paperwork in there for easy access.  Keep a Contact Log, and write down every single communication with the bank you have-faxes, calls, letters, etc.
5. Never give up! Even if you are told you don’t qualify, ask why? Ask them to specifically tell you why you are not qualifying and then make the necessary adjustments to your budget and apply again.  Many homeowners have applied over and over-and finally were approved.  Remember you must provide updated revised information for them to review your application, so be sure you double check your figures with the Loan Mod Quick APP calculator  to be certain that you are passing all the approval triggers.

Guidelines Met!

Getting approved for a Wells Fargo loan modification can be a chore-but you can get a head start by learning the process, knowing that basics of the approval formula and understanding that it is not personal-in fact it is just a mathematical formula that determines who gets approved.  Use that formula yourself, fine tune your budget, apply correctly and you will have an excellent chance of success!

Get the help you need to apply and qualify for a Wells Fargo loan modification-use the #1 resource for homeowners, The Complete Loan Modification Guide kit and Loan Mod Quick APP software calculator.  This

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easy to use program gives you the information you need-income, expenses and asset requirements are calculated automatically for you so that you can prepare your monthly budget worksheet correctly.  Visit MyLoanModificationCenter.com today for more information.

Get Approved Fast

Tired of getting the run around with your Wells Fargo loan modification?  As if the situation is not stressful enough, trying to deal with the loss mitigation employees can make you want to just give up-but don’t throw in the towel just yet.  There are some strategies you can use that will work to get the bank’s attention and more importantly, their cooperation.  Instead of getting worn down, get motivated and empowered to beat the bank and get a loan mod approval!

Here are some strategies that work when applying for a Wells Fargo loan modification:

1. Knowledge is power, you really need to know the basics of the program guidelines and understand just what the bank needs to see from you to qualify.  This is important because when one of the counselors tells you that you don’t qualify because of debt ratio, you can confidently fight back because you already did your calculations and you know that your fit right in the approval guidelines.
2. Take the time to really fine tune your monthly budget worksheet
   

   Fine Tune your Figures to Pass

   before you submit it-since this is the meat and potatoes for the approval process, you must show in black and white that your debt ratio, asset ratio, monthly expenses and bank balances are all well within the standard approval formula.  You can run your figures through the Loan Mod Quick APP calculator to make sure that your financial information is passing, then use this information to fight back should Wells Fargo deny your application.

3. Keep a Contact Log and write down each and every time you speak to a rep or get any type of correspondence.  This can be valuable to refer back to should you be told conflicting information or to keep track of your progress.  One homeowner had over 160 entries, and used this log to convince the bank to approve his loan modification!
4. Provide a legible, complete and accurate Wells Fargo loan mod package the first time-the new application timelines are designed to give you an answer within 30 days-but only if you submit everything needed including income documentation, the RMA, 4506t, Dodd Frank Certification.  Be sure to keep a copy package for your file so you can refer back to it when speaking with the bank.
5. If you are told you do not qualify, ask for the specific reason.  Insist
   

   Know What to Say

   that the Wells Fargo rep go over the information they have in their system for your income, expenses, etc.  Make sure that it is accurate-many times this information has been input incorrectly and this is the cause for denial!

The only way to get Wells Fargo to cooperate on your loan modification is to be informed and armed with the right information so you can fight back when told that you do not qualify.  You can take control of the situation and greatly increase your chances of approval-learn the guidelines, then prepare your application so that it proves you fit right into the program.

Stop the run around-apply for your Wells Fargo loan modification the right way.  Use the #1 resource for homeowners, The Complete Loan Modification

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Guide kit and Loan Mod Quick App calculator provide you with the approval formula-debt ratio, target payment, monthly budget worksheet are all provided for you automatically.  Visit MyLoanModificationCenter.com for more information and get started today.