Before you contact Wachovia to apply for a loan modification, make sure you understand about the terms and requirements for approval.  This is very important because you want to complete your application paperwork correctly so that it meets that criteria.  Once you know the basics, you will have a much better chance of getting the loan workout you need.

A Wachovia loan modification may have several different terms and requirements, depending on the program.  The new Obama federal plan has very specific criteria and also has some very aggressive terms to lower your monthly payment.   Under the terms of this plan, you could have your interest rate reduced to 2%, your loan term extended to 40 years and have some of your principal balance deferred.  This plan also includes second loans, so if you have two loans on your home, both of them could get a lower payment.

The requirements for Wachovia loan modification approval are not hard to understand.  Basically, you must be able to prove your income, show that you are facing a financial hardship situation, complete some application forms and go thru a brief telephone interview.  The secret to success is to make sure you have prepared all of your paperwork ahead of time and then made any necessary adjustments so that when you are giving the information to Wachovia you won’t make a mistake by saying or doing the wrong thing.  Even being off by $100 on your financial statement could cost you an approval.

Take a little time now to learn and prepare before contacting Wachovia for your loan modification.  You can follow the simple step-by-step directions in the best selling handbook for homeowners, The Complete Loan Modification Guide, to complete your financial statements, write your hardship letter and put together a complete and acceptable application for Wachovia.

Get the help you need to learn the terms and requirments for loan modification approval 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.

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 and download The Complete Loan Modification Guide. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com