Citimortgage Loan Modification with Principal Reduction

Real Estate Agent with South Coast Estates BRE 01307915

Are you getting frustrated and confused trying to get a Citimortgage loan modification?  Well, don't give up-here is some good news and assurance that help is available and being offered to qualified homeowners.  Citimortgage just approved a loan modification that featured a 3% rate for 40 years and also forgave over $100,000 in principal!  How did this California homeowner get this help?  Read more about his story.

Finally, a story with a happy ending for one California homeowner who was successful with his Citimortgage do it yourself loan modification.  It is good to hear of a borrower who was able to work directly with their lender to find a loan workout solution that gave them an affordable mortgage payment and allowed them to avoid foreclosure and stay in their home.  This borrower was able to negotiate a loan modification that featured three revisions to his original loan.  The new terms reduced his payment and lowered his loan balance-how did he accomplish this?

The secret to a do it yourself loan modification success is knowledge and preparation.  If you hope to get your application approved, you must be able to prepare your paperwork so that it meets your banks guidelines.  The homeowner mentioned above took the time to research and learn from an informative source of information before contacting Citibank about his loan modification.  He knew what his payment goal was, understood the lenders requirements, and then prepared his paperwork properly.  He understood what to expect throughout the process, and was able to negotiate new loan terms that met his goals and his lender's guidelines.

While not everyone will have the same awesome results, the fact is that Citimortgage is offering very aggressive terms for borrowers who qualify.  A homeowner who submits an acceptable do it yourself loan modification application will have the best chance of getting the results they need.  You may feel like your finances are spinning out of control right now, but you can take control of how you decide to approach your situation.  Will you just wait and hope for the best?  Or will you make the commitment to learn, prepare and then act aggressively and tirelessly to save your family's home?  Knowledge, preparation and persistence can pay off-just ask the homeowner who successfully completed his Citimortgage do it yourself loan modification.  He did it-you can too!


You can get the help you need to apply and qualify for a Citimortgage 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:



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I applied for Citi's mod program in Sept. 09.  Still no word.  Multiple layers of inompetence (i.e. asking for the same documents 3 times).

Worse, no one at Citi can even suggest what the terms might be.  Lower interest, longer term, lower principle??? No one knows anything.  They don't even know what happens if I don't agree to the terms (back to original loan terms?).

For example, if they knock down the rate by 2% and run the term for 40 years, I lose.

I can't find anyone who can actually show me a loan mod.

Any insight?

Feb 05, 2010 11:22 PM #1

I made my 3rd trial payment and everything seemed to be going fast after i got correct bank statement to them.  But after sent back to citi for underwriting everything has been at a stand still.  Waiting for an underwriter to pick up my file. 

Feb 18, 2010 02:11 AM #2
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Susan V. Gregory

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