subject: What Is A Do It Yourself Loan Modification? [print this page] Are you wondering if you have the know-how to complete a do it yourself loan modification application on your own? There are dozens of companies that charge thousands of dollars to represent homeowners. What they don't want you to know is that applying for a loan modification is free. Only you can decide if you feel comfortable with the do-it-yourself method. Here are some questions to help you make the decision that is right for you:
A. Could you apply for a loan modification if you had a list of all the loan modification forms and had access to them?
B. Are you someone who can follow simple instructions and use a calculating tool that's provided to you in order to see what your payments would be so you could feel confident you'll meet a lender's requirements?
C. Are you able to increase your chances of approval by using step by step instructions to make sure every last form is complete, in order to meet your lender's guidelines?
D. It will take about three hours to learn the right information to apply for Obama's loan modification form, do you have the time to spare?
E. Are you comfortable with using a checklist so you can tell if you have everything ready to meet with your lender?
If your answers to these questions is YES, then you do have the skills to "do it yourself" when it comes to applying for a loan modification!
Time to buckle down and save your home. Due to the new loan modifications, getting a loan workout is easier than ever. It takes a little work on your part, but you can succeed. Save your money and don't go through a loan shark or a third party. It only takes a few hours a day to learn what you need in order to get approved on your loan modification application. You'll become whole again and be able to save your home.
