Confused about how you can get the help you need to save your home with a Wells Fargo loan modification?  The application process can be frustrating and confusing, but homeowners who know a little about the Wells Fargo loan modification process can improve their chance for success.  Here are 7 TIPS that you should know before you get started:

Don’t waste your time trying to talk with anyone but the Loss Mitigation department.  You may be getting calls demanding money from the collections department, but this is not who you need to be talking with.  Call the loss mitigation department directly at 1-866-398-7556.

1. Some Wells Fargo loan modification candidates will be receiving a notification by mail of their possible eligibility.  Homeowners will then have to complete the application to verify that they meet loan modification guidelines.  Be sure you know and understand those guidelines before you complete the application.
2. You must be able to document an acceptable financial hardship situation.  You can do this by writing a convincing hardship letter explaining your circumstances-The Complete Loan Modification Guide will provide you with an outline as well as a template to help you write a compelling and acceptable loan modification letter.  Insider TIP: You also learn what else you should include to strengthen your case.
3. 3.  Work on a new family budget by eliminating all unnecessary expenses.  Determine what an affordable monthly mortgage payment is and make that your target payment.  Use that target payment as your goal when negotiating your Wells Fargo loan modification.
4. Verify that your target mortgage payment will meet the lenders guidelines for qualifications-The Complete Loan Modification Guide will take you step by step through calculating your debt ratio to help you qualify.
5. Carefully complete the required financial statements detailing all of your income and expenses.  Do not leave anything out as the bank will verify this information with your credit report and bank statements.  Any undisclosed information could result in denial of your Wells Fargo loan modification.
6. Verify your financial statements to make sure they are accurate and complete.  This is a bit tricky-you need to show the lender that the current payment is unaffordable, but that a new lower payment will work within your budget.  The Complete Loan Modification Guide makes this simple to do by providing a Current Financial Statement and a Proposed Financial Statement and gives you detailed directions on how to complete them.  Bonus: You also learn an insider TIP about disposable income requirements.

You can get the help you need to understand the Wells Fargo loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook 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. 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