The HAMP guide – How good is this loan modification guide and can it help you?

The HAMP guide How good is this loan modification guide and can it help you

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The HAMP guide How good is this loan modification guide and can it help you?

What is HAMP?

Get the FULL guide here

The HAMP program (Or Home Affordable Modification Program) was started by President Obama in an effort to make homes more affordable. HAMP is a program which tries to let you keep your home and live in it too.

The Obama initiative has freed up $75 billion in funding to help 3.5 million homeowners at risk for foreclosure stay in their homes.

HAMP basically lets mortgagees lower their monthly payments to 31% of their pre-tax income by means of a loan modification.

To be eligible you must own your home and have a monthly mortgage payment larger than 31% of your pre-tax monthly income.

As a further bonus the HAMP program is offering people who make their payments regularly for the first few years a $5000 credit bonus. Great incentive.

What is the HAMP guide

The HAMP guide is a program that will help you through every step of the process of making your home affordable. This ten point guide program takes you through every step you need to get into the HAMP program from eligibility and HAMP requirements through to making your payments. So let's take a quick review of the key features of the HAMP guide and see if it's worth investing in.

Basically the guide breaks the whole process down into 10 steps. It comes complete with ALL the forms you need to fill out, which saves a considerable amount of hassle finding them all yourself. It then guides you point by point through filling out the forms in an easy way.

Further it comes with excel spread sheets and a step by step payment calculator which lets you quickly work out how much you can afford to pay each month. Then coaches you through the process of negotiating the lowest HAMP report you can get.

Get started with the FULL report and guide here

In case people are struggling the HAMP guide also comes with additional support as the company offers phone support, live webinars and you get sent a monthly report from other homeowners engaged in the same home loan modification program as you.

I've found the phone help can be a little hard to get through on at certain times of day but the general level of support is fantastic and you can always just send an email requesting help.

So is it worth buying?

I think this really depends on how confident you are with forms and calculations. The benefits of the guide are that it breaks the process down for you step by step and makes sure you fill out the forms correctly the first time whilst making the correct calculations. If you are confident in getting the forms yourself and filling them out correctly first time you can make do without a guide, though I personally struggle with even the most clear cut government forms.

Summary

Overall I'd say that if you want some guidance on the HAMP program then this report and guide will really help you through all the tough decisions. The steps in the HAMP modification program guide are easy to follow and will help you easily meet the requirements without endlessly having to redo the forms.

Take action today by getting the full report here!

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