Are you one of the 5 million homeowners who may be qualified for Obama's federal loan modification plan? Featuring a new mortgage rate as low as 2%, this home save program is designed to keep borrowers in their homes and stop foreclosure and defaults. Now is the time to learn if you could benefit from this government outreach. Don't hesitate to apply for assistance-after all this program is paid for with your tax dollars and you deserve this help.
Banks, lenders and servicers have agreed to follow standard guidelines for qualifying and modifying home loans using this federal plan, called Home Affordable Modification Program. In return, the lenders will be paid an incentive by the Treasury Department for each mortgage modified using this government plan. This means that your bank has a big incentive to help you-all you have to do is to prepare your loan modification application correctly so that it meets the standard guidelines and you have a good chance of approval.
The centerpiece of the Home Affordable Modification Program is to modify home loans so that the monthly
payment is reduced to equal just 31% of the borrowers gross monthly income. This is accomplished by using a set of methods in this order:
- Lower the interest rate to as low as 2%
- Extend the loan term to 40 years
- Defer or forgive some principal balance
If your new 31% target payment can be achieved by using these methods, then you are a good candidate for approval. You can learn the 4 step formula your lender will use, and then apply that to your own application. This way you know ahead of time that you qualify, and if needed you can make any necessary adjustments to your figures so that you fit right into the guidelines. Don't worry-you can follow simple step by step directions to use this formula in the #1 resource for homeowners, The Complete Loan Modification Guide.
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. 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
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