Homeowners struggling with high mortgage payments may be able to get relief under Chase Financial's streamlined loan modification process. The lender is now approved by the Treasury Department to accept applications using the federal program. This means that homeowners who can meet the basic eligibility guidelines will be able to get a streamlined approval and get relief right away.
Chase Financial is actively using the federal program to help as many borrowers as possible. They will be paid a cash incentive by the federal government from the $75 billion stimulus package. That is a big reason to get as many loans modified as possible, however Chase must adhere to the guidelines set forth by the Treasury Department. Homeowners can take advantage of this program and apply for a loan workout requesting consideration for the Making Home Affordable Plan.
The first hurdle for borrowers is a pre-screening where Chase will ask if the borrower:
- Lives in the home as their primary residence
- Is facing a financial hardship-less income or more expenses
- Has a current loan that was initiated before January 1, 2009 and is less than $729,750
- Pays a mortgage payment that is more than 31% of the gross monthly income
After passing those basic guidelines, the borrower will be asked to complete a Chase Financial loan 
modification application. This information includes a detailed accounting of the monthly income and expenses and a hardship letter explaining the current circumstances for the homeowner. The key to qualifying for the streamlined loan modification approval is to make sure that the forms reflect the correct information and that they prove the homeowner fits into the program guidelines.
How can you make sure you are filling out your forms correctly? Don't worry-you can get step by step directions and the help you need to do it right in Chapter 2 of the best selling handbook for homeowners, The Complete Loan Modification Guide. It is critical that you take the time to learn and prepare before Chase reviews your paperwork. This is not the time to take chances-spend just a couple of hours preparing and fine tuning your forms-it could be the difference between approval or denial.
Over 150,000 homeowners have already gotten a loan workout using this streamlined approval process-you can too. Make the time to learn how to increase your chances for approval-saving your home is worth your time and effort. It's easy to learn the steps to an acceptable loan modification application.
You can get the help you need to apply and qualify for a Chase Financial 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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