What is the best way to get an affordable mortgage so you can stay in your home? Is a do it yourself Countrywide loan modification possible under Obama’s stimulus plan, called HAMP or Home Affordable Modification? The fact is that with this new federal program, it is easier than ever to get the help you need to modify your home loan into affordable payments. The key to success is to learn about the federal HAMP approval guidelines and prepare your application before contacting your lender. Here are some simple steps you can take to make sure you have the best chance of success.

Countrywide Loan Modification Approval Tips with HAMP:

1. Learn the HAMP guidelines for approval before completing your loan modification application paperwork. It’s pretty hard to qualify for something unless you know what the guidelines for acceptance are. Know the basics and then prepare your application so that it fits those guidelines. There is a standard 4 step formula that is used to decide if you qualify-you can use this very same formula with the help of a software program designed just for homeowners.
2. Gather all of your paperwork together so that you have everything at your fingertips. When you are organized and prepared,  you will have the confidence to call your lender and will avoid saying the wrong thing when speaking with Countrywide.
3. Use a document checklist and stacking order sheet so that you are certain your have provided your lender with a complete and acceptable Countrywide loan modification application the first time. There are certain forms and documents Countrywide must see to review your file. Millions of homeowners just like you are trying to get a loan workout, keep your file at the top of the stack and avoid delays by submitting a complete file.
4. Follow up once you submit your file to make sure it has been received, and then call every 7 days to check in and get the current status of your application. Even if your bank says it will take longer to get back to you, don’t wait for them to call you. Being persistent is the biggest key to success.

Federal Plan

The truth is that qualified homeowners will be offered a Countrywide loan modification under Obama’s stimulus plan, or HAMP. You must prove to your bank in black and white that you are qualified and make it easy for them to quickly approve you by providing everything they need to see from you all at once. The approval guidelines are standard for everyone-either you qualify or you don’t. When you work on your loan modification forms ahead of time you have the chance to make any adjustments necessary to assure that you meet the guidelines. The software for homeowners makes it easy-simply put in your own income and expenses and it does all the calculations for you and you see immediately if you need to make any adjustments to qualify. It just makes sense-learn, prepare and then apply.

Don’t take chances with your Countrywide loan modification application-save hours of frustration and confusion and avoid mistakes. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. Why take chances with your application? Simply input your unique financial information into the Loan Mod Quick App and it calculates it all for you! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

There are options available for borrowers who are facing unaffordable mortgage payments and are at risk of losing their home.  Did you know that struggling homeowners can apply for a Countrywide loan modification using the federally subsidized plan called Home Affordable?  The lender has finalized its agreement with the Treasury Department to participate in this aggressive loan workout program.  What’s involved and how do you apply?

Time is not on your side if you are facing the prospect of delinquent mortgage payments.  Homeowners interested in applying for a Countrywide loan modification will be asked to prepare and submit an application.  Qualified borrowers will have to prove they can meet the standardized approval criteria.  Here are the basics:

1. You must live in the home as your primary residence
2. Your current payment must be more than 31% of your gross monthly income
3. Your mortgage must have been originated prior to January 1, 2009 and be less than $729,750
4. You must have suffered an acceptable financial hardship situation

What will your new loan terms look like and will they help you?  Well, under the terms of this Countrywide loan modification, your mortgage terms may be:

1. Interest rate reduced to as low as 2%
2. Term extended to 40 years
3. Some principal balance may be deferred

While not all homeowners will meet the guidelines, successful candidates will be able to prepare and submit their paperwork so that it clearly demonstrates that they meet the approval guidelines.  Homeowners must prove that they can afford to pay and maintain the new modified payment now and in the future.  President Obama has encouraged homeowners to work directly with the bank to get a loan workout so that foreclosure can be avoided.  Since the lender uses a standard formula to determine if you qualify or not, it just makes sense to learn and use that very same formula when you prepare your own application.

Take advantage of the #1 resource for homeowners, The Complete Loan Modification Guide kit, to help you prepare an acceptable application.  You can follow the step by step directions provided in the handbook, and use the user friendly software, Loan Mod Quick App.  This software actually mimics the 7 triggers for approval under HAMP, so all you need to do is input your own income and expenses and it does all the calculations for you.  Your debt ratio, new target payment, new interest rate, disposable income and more are all figured automatically.  Find out immediately if you fit the guidelines or need to make minor adjustments to your budget to increase your chances of success.  A Countrywide loan modification may be the answer you need to be able to stay in your home-make certain that you submit your application correctly.

Don’t be confused or frustrated trying to figure it out by yourself. Get the help you need to prepare your own accurate and acceptable Countrywide loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. Why take chances with your application? Simply input your unique financial information into the Loan Mod Quick App and it calculates it all for you! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Desperate to get help on your high Countrywide mortgage payments?  Do you know how to increase your chances of getting approved for a mortgage loan modification?  One way is to learn how to pre-qualify yourself so that you know you can meet your lenders approval guidelines.   This is a simple process that you can use to know ahead of time whether you have a good chance of success at getting the loan workout you need.  The Obama Countrywide loan modification plan has strict guidelines for qualifying, as do many other loan workout plans.  Here is some valuable information you can use to learn how to pre-qualify yourself so you can prepare your application correctly and get a jump start on the process.

Why do some homeowners get results and others are denied?  Successful mortgage loan modification candidates will be able to meet certain approval guidelines.  Once you know what those guidelines are, you can work on your application at your own pace to determine if you might qualify.  You need to know the program debt ratio guideline, then compute your own so that it will meet that guideline.  You can adjust some of your expenses if needed, or even add some household income with a roommate or part time work if necessary.  The goal is to know what needs to be fixed to meet the debt ratio guideline, then make those adjustments before your lender has the chance to turn you down.  When you work on this ahead of time, before you contact your bank, you have the chance to make the necessary changes to your paperwork.  That way, you can provide acceptable loan modification forms to the bank and increase your chance of approval.

The Obama Countrywide mortgage loan modification plan offers a second chance for millions of

Federal Plan

homeowners left with few options to save their homes.  $75 billion dollars has been set aside to help qualified borrowers get a lower interest rate-as low as 2%-so they can afford to stay in their home.  Not everyone will qualify for this loan workout, and only borrowers who can demonstrate that they meet the approval requirements will be approved.  You do not want to miss out on this opportunity-make sure you do everything you can to get the help you need.

The Obama Countrywide mortgage modification plan uses a 4 step formula to determine who is a good candidate.  This formula uses a 31% target payment as the goal-this means that you take your household gross income and multiply it by 31%-that figure equals your new monthly payment including principal, interest, taxes, insurance and homeowners dues.  If your loan can be modified to reach that target payment then you have a good chance of success.  Learn all the 4 steps and then you will be able to prepare your own application correctly with The Complete Loan Modification Guide kit.

The Obama mortgage loan modification plan has an extra incentive-successful borrowers will be paid for every month they remain current on their new modified loan.  $1000 a year, up to $5000 total, will be credited towards the principal balance of loans that participating homeowners keep current.  That is another bonus designed to encourage borrowers to apply for a mortgage loan modification and to stay committed to home ownership.

The Treasury Department is encouraging all interested homeowners to begin gathering the required documents and start the application process.  The Obama Countrywide mortgage loan modification plan is free for borrowers, and lenders are flooded with requests.  Make sure you know how the plan works, pre-qualify yourself, then submit an accurate and acceptable loan modification application to your lender.  You will get results much faster this way.

You can get the help you need to apply and qualify for a 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.

Home Edition Loan Modification Kit with Customer Assist

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. 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

Good question-why do some homeowners get their loan modifications with Countrywide completed in 30 days while other borrowers wait and wait and wait?  If you are facing the possibility of losing your home, you don’t have time to wait around and worry.  Here are some important things you can do to help speed your application along.

1. Make sure you know exactly what Countrywide needs to see from you in order to approve your application quickly-if you don’t send everything in the first time-your answer will be delayed while they move onto the next file.  You can follow a simple Submission Checklist found in Chapter 10 of the best selling handbook for homeowners, The Complete Loan Modification Guide.
2. Prepare your budget-detailing your income and expenses-ahead of time.  This way you have the chance to make the necessary adjustments so that you fit into the approval guidelines.  Even a $100 adjustment could make the difference between approval and denial.  Get step by step directions for completing your financial statements correctly in Chapter 3 of The Complete Loan Modifcation Guide.
3. Compose your hardship letter so that it gives just enough details to make it convincing, but is not so long the lender won’t even read it.  An effective letter contains 3 critical elements-you can follow an easy outline provided in Chapter 10 of The Complete Loan Modification Guide to make sure you include everything you should.
4. 4.  Compile all of the paperwork, make copies of everything for your records, then fax it and mail it to Countrywide.  Now mark your calendar to call and check the status every 5 days.  You want to make sure it has been received and is at the top of the stack.

Homeowners are getting loan modifications with Countrywide-but successful homeowners know the tips to get results fast.  If you don’t take the time to learn and prepare you are taking a big chance-now is not the time to just “Wing it”-your home deserves a few hours of your time to learn and prepare.

You can get the help you need to apply and qualify for a Countrywide 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. 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, your loan mod in a box. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Homeowners beginning their Countrywide loan modification application need to be careful when completing the forms.  Remember, the information you provide to the bank will be used to determine if you qualify or not.  This is not the time to “wing it”-you should have a good understanding of just what the bank will be looking for to approve you-then you can use that information to complete your paperwork correctly.  Here are some tips to help you get started.

Countrywide loan modification application tips:

1. 1.  Budget or financial statement:  this form is critical-the bank will review your income and expenses very carefully to determine if you can afford to pay and maintain the new modified payment.  This form is where you demonstrate that you will be able to afford the payment once it is modified.  Here is where you will eliminate any unnecessary items from your budget, and make any adjustments to your other expenses so that you meet the disposable income guidelines and debt ratio guidelines.  Work on this ahead of time, so you have it prepared before you contact the bank.  Get help to figure your debt ratio and prepare your financial statements in Chapter 2 of the best selling handbook for homeowners, The Complete Loan Modification Guide.
2. Hardship Letter:  Tell Countrywide what has happened to cause the current mortgage to be unaffordable-but do in a short but compelling way.  This is your chance to gain the banks empathy and understanding-so add a few personal details but don’t write a novel-the lender is swamped with requests.  Make sure your letter includes the 3 critical elements of a convincing letter found in Chapter 3 of The Complete Loan Modification Guide.
3. Get Organized:  Gather all of the required documents together:  Clear off the kitchen table and start gathering everything you will need to present to Countrywide.  This will include proof of your income and assets, utility bills, car payments, credit card bills, etc.  You want to have all of this in front of you so you can refer back to it when you complete your forms, but also when you call the bank in case they need it.  You can follow a simple Document Checklist found in Chapter 10 of The Complete Loan Modification Guide.
4. Determine your target payment:  This is your goal, a payment that is affordable and meets Countrywide’s guidelines.  While the bank makes the final determination of how to modify your loan, you should have a goal in mind and work towards that payment when negotiating with the bank.  Don’t settle for a payment that you know you will not be able to maintain.  Use the Proposed Financial Statement provided in Chapter 10 of the home-edition kit, The Complete Loan Modification Guide to help you prepare your target payment and work out your new budget.

Do not contact the bank until you have worked on your Countrywide loan modification application and made all the necessary adjustments ahead of time.  You do not want to be on the phone with the bank and take the chance of saying or doing the wrong thing.  Learn, prepare, make adjustments, then contact the bank.  It just makes sense if you hope to be successful and get the lower payment you need and deserve.

You can get the help you need to apply and qualify for a Countrywide 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. 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, your loan mod in a box. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

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Many homeowners who have paid thousands of dollars to loan modification companies but gotten no results may be in for a big surprise.  Countrywide has been contacting homeowners directly offering to help them with a loan workout and encouraging the homeowner to work directly with the bank.  Is this good or bad-what’s the real deal?

Some bad apples have really given the loan modification companies a bad name-many former mortgage brokers looking for a new source of income simply changed their signs and went from writing bad loans to charging borrowers to fix bad loans.  The stats on how many homeowners actually received that help is alarming-companies boasting a “95% success rate” have actually been found to have only completed a handful of loan modifications.  So vulnerable borrowers had just forked over the last of their savings and were left out in the cold.  No wonder the Feds and the lenders are shouting, “Beware of anyone asking for money upfront!”

Get the Right Person on the Phone!

Now Countrywide is getting proactive by contacting homeowners directly and starting the loan modification process over the phone in an attempt to short circuit any more payments to loan mod companies-and this includes companies led by attorneys as well.  The truth is that the vast majority of borrowers can successfully work directly and get a loan modification for free.  BUT… there’s always a but, so read on.

If Countrywide calls you directly, do not give them any of your information until you have taken the time to prepare your application beforehand.  Why is this so important?  Well, if you start giving them alot of information without first working on your budget and financial statement, you won’t know if you are hurting your chances for approval or not.  You need to know ahead of time what the approval criteria is and then work on your budget and financials, get your paperwork all in order so that you will know exactly what to say and how the application needs to be completed.

The good news is that borrowers are being contacted-the bad news is that many will unknowingly hurt their chance for getting approved by providing the wrong information.  If you need a Countrywide loan modification, this could be your one chance-make sure you do it right!  Your time and effort will be worth it.

You can get the help you need to apply and qualify for a Countrywide loan modification by ordering and downloading 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. Learn how to qualify for the Obama Federal loan modification plan.

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

Home Edition Loan Modification Kit with Customer Assist

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.