WHY?Re-Apply!

Don’t give up yet!  If your Chase loan modification has been turned down, you can get a second chance by revising your financial worksheet and re-applying.  You are allowed to re-submit your application, but this time make sure that your monthly income, expenses and assets all pass the approval guidelines.  Many times just a slight adjustment to your budget figures will make the difference between a denial and an APPROVAL!

Here is what you need to know NOW in order to prepare your revised financial statement and be sure that it will have the very best chance at passing the Chase loan mod guidelines:

1. Monthly Gross Income:  This is critical, because the amount of income you report to Chase is used to determine your current debt ratio, your new target payment and whether you pass the Waterfall or not.  If you report too much or too little income, your application will be denied.  You can use a program designed specifically for homeowner use, verify how much income you need to report with the Loan Mod Calculator.
2. Monthly Household Expenses:  Your financial worksheet must itemize how you spend your money each month, items like car payments, insurance, utilities, tuition, groceries, auto expenses, etc will be reviewed by Chase.  Your current cash flow must demonstrate a hardship, BUT you must also show that if given a loan modification your cash flow will be a positive to prove that you won’t default in the future.  Double check if you need to adjust your expenses and your cash
   

   Budget Requirements Displayed

   flow with the Loan Mod Calculator-it will compute and display what changes need to be made-before you submit the new paperwork!

3. Assets:  Did you pass the asset ratio guideline? Many homeowners think that the more money they can show Chase the better they look-WRONG.  You are only allowed to have a certain amount of liquid assets on hand.  Double check yours with the Loan Mod Calculator.

The secret to getting approved for your Chase loan modification is to know how the approval guidelines work and exactly what you need to report on your financial worksheet to pass those guidelines.  Unfortunately, the bank won’t tell you this information.  What you need to know is just how much income, expenses and assets you should show in order to fit into the strict underwriting guidelines.  Once you understand what you need to show them, you will be able to make the necessary adjustments and re-submit your financial worksheet with confidence.

You can get the REAL answers you need NOW-use the #1 selling resource designed specifically for homeowners.  The Complete Loan Modification Guide kit and Loan

Calculator Incl-Download immediately!

Mod Calculator will automatically compute and display your own specific budget requirements.  Find out how to fine tune your figures-monthly income, expenses and assets are displayed immediately for you.  Get it done right-visit MyLoanModificationCenter.com today.

How do you know if you will qualify for a loan mod?  Maybe you have already applied and been denied, but do not really understand why or how you can fight back.  It can be very frustrating to be in this position-the bank won’t tell you exactly what you need to show them in order to pass the approval guidelines, and you will have a very hard time figuring this all out by yourself.  What you need are the real answers-how much income, expenses and assets you need to report in order to pass the approval guidelines.

Budget Requirements Displayed

The Loan Modification Calculator was designed specifically to help borrowers get approved for a loan workout-this proven system mimics the standard approval triggers used by over 93% of banks to qualify their borrowers.  This is critical information to know in order to have the best chance of approval.

This system gives you the INSIDER FORMULA-giving you the specific requirements for:

1. Loan To Value:  how much you owe as opposed to what your home is currently worth
2. Debt Ratio:  how much of your monthly income is spent on mortgage expenses currently
3. Asset Ratio:  how much in liquid assets do you have on hand and whether you pass this guideline
4. Cash Flow:  after you pay all of your bills, how much money do you have left over?  You may need to adjust your expenses in order to pass this one, BUT you must also pass the AFTER MOD cash flow-the Loan Mod Calculator shows you this automatically
5. New Modified Target Payment:  what is the lowest new payment you qualify for? How do you know what to ask for if you don’t know this information? What will the Principal and interest payment actually be?
6. Waterfall Method of Modification:  the Loan Mod Calculator will compute the new mortgage terms using the standard, federal formula and show you whether you PASS OR FAIL this guideline.  This information will allow you to fine tune your income figures to make sure that you PASS!

If all this sounds complicated, don’t worry because the Loan Modification Calculator is easy to use, and it will AUTOMATICALLY compute and display your own specific budget requirements for you.  Remember, getting a loan workout is all about the MATH-either your budget passes or you will be denied.  You can get the real answers you need NOW to pass the approval guidelines.

Use the #1 best selling resource for homeowners, The Complete Loan Modification Guide kit and Loan Mod Calculator.  This powerful system will

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give you the insider formula so that you can prepare your application correctly.  You also receive FREE one-on-one Customer Support, so that your questions can be answered before you submit your paperwork.  Visit MyLoanModificationCenter.com today and get started NOW.

Stumped on how to complete the RMA Bank of America loan modification form?  Well, before you make a mistake and report your income and expenses incorrectly, take the time to learn the requirements for approval.  Most borrowers do not realize that getting approved for a Bank of America loan mod is more about the MATH than anything else.  The bank uses an underwriting process that utilizes a standard formula-and the income, expenses and assets that you list on the RMA form will be used in this formula.  Either you pass and get approved, or you fail and get denied.

RMA Bank of America Loan Modification Guide

1. Page 2 of this form is where the rubber-meets-the-road, what you report here for your monthly budget figures will make or break your deal.  It is critical to complete this financial worksheet carefully, and verify ahead of time that your income, expenses and assets will pass the underwriting.
2. Debt Ratio:  the Gross Monthly Income your report on the RMA will be used for several different things-your current debt ratio will be calculated as well as your

   

   Budget Requirements Displayed

   future modified Target Payment.  A determination will be made if your mortgage can be modified to achieve the new target payment using the Waterfall Method.
   

3. Monthly Income:  because this figure is used in three of the Bank of America loan mod approval guidelines, it is one of the most critical figures to get right.  You can verify your own income requirement by using the Loan Mod Calculator-this program was specifically designed to help homeowners with the RMA form.
4. Expense Requirements: The RMA form asks for a detailed accounting of your household monthly expenses, so you must list items like insurance, utilities, car payments, medical, groceries, etc.  Bank of America wants to see how you spend your money each month, and also if your cash flow demonstrates a true financial hardship situation.  You may need to make some minor adjustments to your expenses to pass this category-confirm that your expenses are acceptable by using the Loan Mod Calculator.

Above all, take your time and verify your information before you submit the RMA Bank of America form, remember that the information YOU provide is used by the bank to determine your eligibility.  This is your chance to get the help you need and deserve-you really do have some control over the outcome if you understand just what you need to report on the RMA.

Need help completing your application forms?  Get the REAL answers and REAL information you need now-use the # selling resource designed

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just for homeowners.  The Complete Loan Modification Guide kit and Loan Mod Calculator will automatically compute and display your own specific requirements for income, expenses and assets and shows your debt ratio, new target payment and Waterfall Method terms.  Use this valuable information to fine tune your own budget before your submit for review.  Visit MyLoanModificationCenter.com today and get it done right.

Apply Correctly

Ask any struggling homeowner how they are doing on their Indymac loan modification, and they will undoubtedly tell you how difficult it is to pass the approval guidelines. Although the bank does offer the HAMP government program, most borrowers do not really understand exactly what they need to show the bank in order to get approved for a new lower mortgage payment.  The only way to get the help you need an deserve is to prepare your application correctly-and prove to the bank in black and white that you are a perfect candidate for loan mod help.

Indymac loan modifications have been difficult to get from the very beginning, and although the process has been streamlined over the last year, the approval guidelines are still the same.  In order to get approved, the bank will be looking at your application very carefully to determine if you pass the criteria.

INDYMAC LOAN MODIFICATION APPROVAL GUIDELINES-QUICK CHECKLIST

1. Right amount of monthly income-this is critical because if you show too much or too little gross income, you will not pass the Waterfall Method of modification and your loan mod will not be approved, and your debt ratio may not be acceptable.
2. Monthly household expenses meet the banks guidelines for cash flow and financial hardship.
3. Assets-do you pass the asset ratio test?
4. Can you current loan be modified to achieve your target payment and still be cost effective for Indymac?  This is called loss mitigation, which means that the bank
   

   Budget Requirements Displayed

   will determine if modifying or foreclosing is cheaper for their bottom line.

When you apply for an Indymac loan modification, you must complete the 3 page RMA form.  Page two of this form is the financial worksheet-this is where you must break down your household budget.  Your gross monthly income, monthly expenses and assets will be carefully reviewed and checked to see if they pass the approval guidelines.  Before you send this in for review, you can verify that your budget will be acceptable by running it through the Loan Modification Calculator.  This powerful tool will instantly show you if you are passing or failing, and where you may need to make adjustments to your budget before you send it in for final review.

Make sure that you pass the approval guidelines, use the #1 selling resource for homeowners, The Complete Loan Modification Guide kit

and Loan Mod Calculator.  This proven system will instantly compute and display your own specific budget requirements-allowing you to know ahead of time just how much income, expenses and assets to show on your RMA form.  Visit MyLoanModificationCenter.com today.

WHY?

Ever get the feeling that no one actually qualifies for a Chase loan modification?  It may seem like a big scam-the process is so long and confusing, and the bank seems to lose documents almost on purpose just to delay it even further.  Well, it’s true that the majority of borrowers do not qualify for a loan workout, the fact is that some actually do receive a new, affordable mortgage payment.  So why is it that so many deserving homeowners fail to get the help they need?

The Chase loan modification process can be confusing and frustrating, but if you know the basic guidelines and can show the bank exactly what they need to see, then you will have a pretty good shot at approval.  What they need to see from you is a completed application that includes a detailed breakdown of your monthly household income, monthly expenses and your assets.  This is called the financial worksheet, and while it may sound easy enough, this is actually where most homeowners blow it.

Here are the basic criteria that Chase will be looking for on your loan mod application:

1. Gross monthly income-they use this to determine your current Debt to Income ratio and also to determine what your new target, modified payment could be
2. Monthly Expenses-are you in a financial hardship situation or do you have money left over each month after paying all of your bills
3. Asset Ratio-how much money do you have in liquid assets (checking, savings, money market-anything non-retirement)
4. Waterfall Method-do you pass this standard method of modifying your current loan to reach the target payment-too much or too little income will cause it to fail
5. Post mod cash flow-if your loan is modified, will you be able to afford to pay and maintain this new mortgage

The reason some homeowners get a Chase loan modification is because their application proved to the bank that their financial situation fit right into the program guidelines.   You need to know ahead of time just how much monthly income you need to report to pass the criteria, and also if your monthly expenses need to be adjusted to qualify.  Since most borrowers don’t understand all of these guidelines, they submit their paperwork showing information that does not prove they are good candidates.

Success

You can get the real help you need-find out just how much income, expenses and assets you need to qualify-use the #1 selling resource for homeowners, The Complete

Budget Requirements Displayed

Loan Modification Guide kit and Loan Mod Calculator.  The Calculator will instantly compute and display your own specific budget requirements-allowing you to fine tune your figures before you submit them for final review.  Visit MyLoanModificationCenter.com today.

Success

Getting approved for a Bank of America loan modification can be tricky-if you don’t know the specific guidelines for approval then you are probably not going to complete your application correctly.  There is standard criteria for every homeowner who applies, and most borrowers are simply lost when it comes to understanding exactly what they need to report on their financial worksheet application form.

The basic approval guidelines are easy enough, you must be facing a financial hardship situation and be able to prove that you have enough monthly income to support the new modified payment.  But where it gets tricky is knowing just how much monthly income you need-if you show too much or too little your application will be denied.  Here are the main things that Bank of America will be looking for on your loan mod application:

1. Gross monthly household income-cannot be too high or too low or you won’t pass the Waterfall Method of Modification
2. Loan to Value-how much do you owe on your home as opposed to its current market value
3. Debt to income ratio-how much of your income is spent each month on your mortgage expenses
4. Asset Ratio-how much money do you have in liquid assets
5. Current cash flow-do you have money left over each month after paying all your bills or are you barely making it
6. Do you pass the Waterfall Method to modify your current mortgage
7. What is your post mod cash-will the new modified payment be a solution for you or are you still unable to afford the new, lower payment

Basically, the Bank of America loan modification approval guidelines are a tiny box that you must fit into-that is very hard to do for most people who have no

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experience with this process.  Your goal is to fine tune your own budget figures before you submit it for review and know ahead of time just what you need to report in order to pass the approval criteria.

There is a program designed specifically for homeowner use that will automatically compute and display your own specific income, expense and asset requirements.  The Loan Modification Calculator will show you all 7 of the above guidelines-and let you see where and how to adjust your own figures before you submit them for final approval.  Visit MyLoanModificationCenter.com to learn how this powerful system can help you.

HELP!

Hitting a brick wall with your Wachovia loan modification?  Trying to figure out just what the bank needs to see from you in order to get approved for a loan workout can be very frustrating.  Good luck with trying to get any real answers from the bank, they will not explain to you just how you need to complete the application forms or give you any idea of how much monthly income you need to report in order to qualify.

What you need are some real answers-and you need them before you submit your application for review.  Here are 7 Tips to help you increase your chances of approval.

WACHOVIA LOAN MODIFICATION-7 TIPS TO BEAT THE BANK

1. Don’t disclose your financial information until you have verified that it will fit into the approval guidelines-you need to show just the right amount of monthly income, monthly expenses and assets in order to pass.
2. Work on your monthly financial worksheet ahead of time-fine tune your figures before you submit them for final review.  Wachovia uses the same approval formula on every application-you can verify your own figures by running them through the loan modification calculator-a program designed specifically to help
   

   Budget Requirements

   homeowners complete their application correctly.

3. Make sure that whatever income you report on your financial worksheet you can substantiate.  If the loan mod calculator shows you need more income, then you will need to show the bank canceled checks, bank deposits, etc. or they will not count it as income.
4. Your current mortgage must be able to be modified using the Waterfall Method-this means that a new, lower target payment can be achieved by lowering the interest rate to 2%, extending the term to 40 years or if needed, reducing the loan balance.  You will FAIL the waterfall if you do not report the right amount of monthly gross income on your Wachovia loan mod application.
5. Once you know exactly how much income, expenses and assets you need from the loan mod calculator, transpose those figures onto the official RMA form.  Be sure to provide the required income documentation and the signed 4506T form and Dodd Frank Certification.
6. Make a complete copy package for your records, and keep a folder with a contact log where you note everything that happens during the application process.
7. Call into Wachovia one week after submission to confirm that they have received your paperwork and make sure nothing is missing.

Getting a Wachovia loan modification is no walk in the park, but it is possible if you have the inside information needed to meet the qualifications.  Use the loan mod calculator to help you fine tune your own budget figures and you will have a good shot at approval.

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Get the real answers and real help you need-use the #1 selling resource for homeowners, The Complete Loan Modification Guide kit and Loan Mod Calculator.  This proven system was designed specifically for homeowner use, and will automatically calculate and display your own specific budget requirements.  Income, expenses and assets will be calculated and displayed to  help you know how to fine tune your budget figures.  Visit MyLoanModificationCenter.com today.

2011 Guidelines

If you are expecting the bank to explain how to apply and qualify for an Indymac loan modification, think again.  They will provide you with the basic application, but from there you are on your own!  It’s no wonder that such small percentage of borrowers succeed-without knowing how the approval formula works you are set up for failure.  The real secret to success is understanding the exact requirements needed so that you can complete your RMA financial worksheet properly-here are some important tips to help you figure this all out.

INDYMAC LOAN MODIFICATION TIPS FOR APPROVAL-BEAT THE BANK

Tip:  Understand and use the same formula that the bank does-once you figure out just what is required for your financial worksheet, you will have the secret.  In fact, this formula is standard and actually published on the federal website.  Unfortunately the bank will not explain it to you, and most borrowers have no idea how to compute their own budget figures.

Tip:  Work on your monthly budget figures ahead of time, do NOT disclose your financial information until you have verified that you will pass the standard formula.  If you have already applied and been denied, you can re-apply with new updated information.  This is your chance to get it right-verify your income, expenses and assets will pass by running them through the Loan Modification Calculator.  This program was designed specifically for homeowner use, and automatically computes your own

Exact Requirements

budget figures.

Tip:  Once you know the exact numbers you need to show for income, expenses and assets you will be able to adjust your financial worksheet ahead of time.  The Loan Mod Calculator will display how to pass all of the 7 triggers for approval-including your debt ratio, asset ratio, cash flow, new target payment and modification terms.  Use this critical information to prepare your RMA form correctly.

Tip:   You may need to adjust your expenses or income to achieve a PASS-but at least you know this ahead of time and will be able to make the necessary changes before Indymac reviews it.  Play around with the loan mod calculator, adjusting until you see that you are fitting perfectly into the program formula for approval.

Tip:  Now submit your fine tuned budget figures, and provide the required proof of income, a signed 4506T form, 2 months bank statements.  Keep a copy package for yourself.  Call Indymac to make sure they received your complete loan modification package.  Call in once a week to make sure that your file is being reviewed and nothing is holding it up.

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The bank may not tell you the formula for approval, but you can find out how to complete your Indymac application-use the #1 system for homeowners, The Complete Loan Modification Guide kit and Loan Mod Calculator.  This program will instantly compute and display your own specific budget requirements-income, expenses and assets, in order to PASS the guidelines.  Visit MyLoanModificationCenter.com today.

WHY?

Don’t become one of the statistics of failed Chase loan modifications-there is something that you can do to really increase your chances of approval-and it’s not something that the bank will tell you about.  Keep in mind that no matter how severe your financial hardship is, unless you can pass the underwriting guidelines for approval you will not be offered any help.  Chase turns down the majority of borrowers who apply, but you can avoid that by doing one important step before you submit your application.

What is the one step that you need to take in order to increase your chances of Chase loan mod approval?  It’s pretty simple-know EXACTLY what they bank needs to see from you on your application paperwork!  Ah, that’s not so simple, though-the majority of homeowners have no idea what the bank is looking for and what the guidelines for acceptance actually are.  So, the step you need to take is to learn, prepare and submit the perfect application!  Easier said than done however, and don’t count on Chase to help you out, they will not explain the details of what it takes for you to qualify.

How can you learn what you need to know ahead of time so that when you prepare and submit your Chase loan modification application you have the very best chance at approval?  Well, since the bank uses the same standard approval formula for every homeowner, it makes sense to use this formula to help you fine tune your own information.  Here is what that formula is all about and how you can use it to your advantage:

1. Your financial information-monthly income, monthly expenses and assets-are used to determine if your particular situation meets the guidelines.  You cannot show too much or too little income, your expenses must be acceptable and so must your assets.  This can be tricky to figure out, but you can use a system designed
   

   Exact Requirements

   specifically to help homeowners with this formula, the loan modification calculator will automatically compute and display your specific budget requirements.

2. Your current mortgage payment, loan balance and current market value of your property are also part of the formula.  Your loan must be able to be modified using standard methods-such as reduce the interest rate, increase the term or lower the loan balance-to arrive your a new target payment.  The new payment must equal 31% of your gross monthly income, and be achieved using the financial information you supply.
3. The approval guidelines also utilize your current liquid assets to determine eligibility.  Double check you pass this criteria by running your figures through the loan mod calculator- it will display PASS or FAIL showing you if you need to make adjustments.

Make sure that you take this one important step-verify that your financial information-income, expenses and assets-all pass the Chase loan modification guidelines before you submit your paperwork.  Take the time to verify all your budget information by running it through the loan mod calculator, then make any necessary adjustments so that your fine tuned figures will pass the approval formula.  Remember, what you don’t know could cause you to get turned down for the help you need and deserve.

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Learn just how to apply for approval-use the #1 best selling resource for homeowners, The Complete Loan Modification Guide kit and loan mod calculator has helped thousands of homeowners.  This powerful system will instantly compute and display your specific income, expense and asset requirements so that you can make any necessary adjustments before you submit for review.  Avoid mistakes-do it the right way, visit MyLoanModificationCenter.com today.

Apply Correctly

Not everyone will qualify for a Wells Fargo mortgage modification-in fact, unless a homeowner can prove that they meet the approval guidelines, they will be denied immediately.  The rules for acceptance can be tricky-most borrowers have no idea how to complete the loan mod application paperwork correctly.  Here are some good tips on how to pass the banks criteria and get the help you need.

WELLS FARGO MORTGAGE MODIFICATION APPROVAL GUIDELINES

1. You must be in a financial hardship situation-loss of income, increased expenses or high monthly bills are all acceptable reasons.  Loss of equity alone is not a valid reason to get a mortgage mod.
2. You will be asked to complete the RMA form-this is the official application and it includes a detailed breakdown of your monthly budget.  Your household income, expenses and your assets will all be checked to determine if you meet the approval guidelines.
3. Wells Fargo uses an underwriting formula to decide if a mortgage modification will be an option for you-this is a mathematical formula that uses your specific financial information, your current mortgage balance and current mortgage payment.  You MUST pass the formula in order to meet the approval guidelines.
4. You cannot show too much monthly income or too little income or
   

   Exact Requirements

   you won’t pass-your expenses must also be acceptable to Wells Fargo.  You can verify your own budget figures will work by running them through the loan modification calculator-designed specifically for homeowners use.  The program will instantly compute and display whether you PASS or FAIL the guidelines.

5. Complete your Wells Fargo RMA application using the loan mod calculator results-make any necessary adjustments to your income, expenses or assets so that you are passing all the guidelines-now submit your fine tuned budget figures to Wells Fargo for review.
6. There are 7 approval guidelines you must pass-the loan mod calculator will help you to complete your RMA form correctly so that you know you meet the approval guidelines.

Success

Homeowners need to understand just what it takes to get approved for a Wells Fargo mortgage modification-the most important approval guidelines depend on the monthly budget information supplied on the RMA application form.  If you get this part right, then you will have an excellent shot at approval.

Get the real answers you need-use the #1 selling resource for homeowners.  The Complete Loan Modification Guide kit and loan mod calculator was

Calculator Incl-Download immediately!

designed to help borrowers pass the approval guidelines.  The Calculator will instantly compute and display your specific budget requirements-income, expenses and assets-so that you have the best chance of approval.  Visit MyLoanModificationCenter.com today and get started right away.