Wells Fargo Loan Modification-7 Important TIPS

Are you confused and frustrated trying to figure out the best way to get Wells Fargo loan modification help to lower your monthly mortgage payment?  You're not alone, but you can increase your chances for success if you know a little bit about the Wells Fargo loan modification process.  Here are 7 helpful TIPS that you should know before you begin:

1. Don't try talking to the collections department, their job is get as much money out of you as possible, instead, call the Loss Mitigation Department at 1-866-398-7556
2. Many Wells Fargo loan modification candidates will be notified by mail of their possible eligibility.  Those borrowers will then be asked to complete an application to verify that they can meet loan modification guidelines.  Make sure you know and understand those guidelines before you submit your application.
3. Evidence of a financial hardship is required.  A convincing hardship letter explaining the circumstances surrounding your situation will be required.  The Complete Loan Modification Guide will provide you with a helpful outline and hardship letter template to compose an effective hardship letter.  Insider TIP:  You also learn what else to include to add strength to your case
4. Figure out a new family budget that eliminates all unnecessary expenses.  Then decide what an affordable monthly mortgage payment is and make that your target payment.  Use that new lower target payment as your goal when negotiating your Wells Fargo loan modification agreement.
5. Confirm that your target payment meets the lenders guidelines for qualifying-The Complete Loan Modification Guide will help you calculate your debt ratio so you can verify this
6. Carefully complete and review the required Financial statements detailing all of your income and expenses.  Be sure to include everthing-the bank will verify this information with your credit report and bank statements-any omissions could cause your Wells Fargo loan modification to be denied.
7. Verify your financial statements to make sure they are accurate and complete.  This can be the tricky part-you need to show the bank that while the current payment is not affordable, the new lower modified payment is affordable.  The Complete Loan Modification Guide makes this simple to do by providing you with a Current Financial Statement and a Proposed Financial Statement along with 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