Is Loan Modification for You?
1. Make sure you watch our video clip with Dave Ramsey on our home page.
2. 50% of homeowners who had their loan modified defaulted within the first 12 months.
3. Are you Elgible? Click below to find out on the goverment's new web site.
MakingHomeAffordable.gov
HOPENOW.com is an alliance between HUD approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.
Checklist before you call your servicer
1. Information about your first mortgage, such as your monthly mortgage statement. 2. Information about any second mortgage or home equity line of credit on the house. 3. Account balances and minimum monthly payments due on all of your credit cards. 4. Account balances and monthly payments on all your other debts such as student loans and car loans. 5. Your most recent income tax return. 6. Information about your savings and other assets 7. Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources. 8. It may also be helpful to have: A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.