The time has come to take advantage of a loan modification. Hundreds of thousands of homeowners have avoided foreclosure with the help of a loan modification program. Do not wait another day to contact a Loan Modification Expert and review your options for mortgage mitigation. Representatives are available five days a week, from 8am to 7pm EST. A specialist will analyze your specific situation, educate you on the various options available, and file the necessary documents required for loan modification. Depending on the condition of your home, the payment history on your loan, your particular economic hardships, and many other factors, a loan modification may be the perfect strategy.
Starting with a brief questionnaire, a potential loan modification client will document their particular financial characteristics, and any hardships experienced. A loan modification expert will analyze the situation, determine whether a modification makes sense, and collect any additional information needed.
After the initial questionnaire, you may be asked to complete a more comprehensive application. Your loan modification specialist will provide regular communication throughout the process. In preparation for the initial consultation, be sure to collect any and all financial information that would be relevant to your loan modification:
- Proof of Wages and Salary: You cannot secure a loan modification unless you can show a substantial level of income. For most people, this requires a paying job. Collect and provide pay stubs for at least the last two months. If you are self-employed, collect and provide 1040 tax forms for the last two years.
- Federal Tax Returns: Your federal tax paperwork presents a realistic snapshot of your financial condition. Collect and provide the first and second pages of your federal tax returns for the last two years.
- Hardship Letter: Your loan modification expert can provide a sample hardship letter for your reference. The goal is to prove economic hardship which is preventing you from paying the full amount of your mortgage payment. Include details such as dates, reasons for delinquent payment, efforts toward resolution, and any other factors that have you disadvantaged. The letter should reflect the truth of your situation as written in your own words.
- Bank Statements: Provide bank statements for at least the last two months. This might include any checking and savings accounts as well as any investment portfolio, dividends or other forms of income.
- Rental Agreement: In the rare case that the loan modification is not for your primary residence, be prepared to show evidence of any rental agreements associated with the property in question.
Throughout the entire process, a team of loan modification experts will work diligently to achieve the best possible loan modification available for you. If your lender approves you for a loan modification you will receive the terms of the modification in the mail. If you accept these terms and sign the offer, your loan modification goes into effect within a few days. This is a brand new deal that allows you to stay in your home on a long term basis.
Our mortgage experts will typically respond to completed applications within 60 days. If for any reason, the application is denied, you may request a full refund. There is no risk or obligation associated with the initial consultation so contact us to get started.
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