subject: Loan Modification Success Process [print this page] Loan Modification Success Process Loan Modification Success Process
If you are struggling with high mortgage payments like so many of us you may be looking to get a loan modification. Following these 5 steps you can increase your chances of getting your loan modification approved and lowering your monthly payments.
1st Step - Research & Know Your Numbers
The first step to get approved for a loan modification is to do a bit of research. You need to make sure that you follow the guidelines and criteria to make sure you are given the loan. There are specific calculations your lender will do to determine if you qualify and it is critical that you know how to present your numbers. Spreadsheets(included in the kit) are available to guide you through this calculation ahead of time. You need to minimize the risk of your loan modification being delayed or denied by not having the proper documents prepared. Lenders are very busy and they love to see well prepared loan modifications with all the required information.
2nd Step - Your Hardship Letter is the most important thing! - But you cant overlook any single document
The second step to get approved for a loan modification is to convince your lender to give you the loan modification by showing how you have suffered or will suffer a financial hardship that needs a loan adjustment to be resolved. This is why you must provide a Hardship letter to let the lender know your circumstances without this a loan modification will not be accepted. This document is the most important part of the loan modification process, the kit provides exceptionally well written hardship letters that have been proven to have had success.
3rd Step - Speak to the right person the first time
The Final Step to get approved for a loan modification is to be patient and persistent. Use proper forms of communication and learn how to cut through the line and speak directly to the person that can help you. The complete loan modification kit includes tips on how to avoid the debt collection group and speak to the loan modification experts
The Complete Loan Modification Kit will guide you through the entire process and provide Hardship Letter Templates, Complete EBook, Financial Calculations Spreadsheet and much more. http://www.foreclosuresmedic.com/
