Loan Modification Guide
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Loan Modification Guide

on

  • 1,535 views

How to get a loan modification. Learn about all of the various new loan modification programs being offered by the government and big banks.

How to get a loan modification. Learn about all of the various new loan modification programs being offered by the government and big banks.

Statistics

Views

Total Views
1,535
Views on SlideShare
1,535
Embed Views
0

Actions

Likes
0
Downloads
15
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Apple Keynote

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • <br />
  • <br />
  • <br />
  • <br />
  • <br />
  • <br />
  • <br />
  • <br />
  • <br />

Loan Modification Guide Presentation Transcript

  • 1. GUIDE TO LOAN MODIFICATION IMPORTANT FACTS ABOUT MODIFYING YOUR MORTGAGE AND SAVING YOUR HOME Monday, February 9, 2009
  • 2. What is a Loan Modification? Like a mortgage refinance Modify existing mortgage terms Requires proof of “hardship” Eligible after missing payment(s) MORTGAGELOAN.COM Monday, February 9, 2009
  • 3. Why Not Refinance? Loss of income Loss of home value Declining credit score MORTGAGELOAN.COM Monday, February 9, 2009
  • 4. Am I Eligible? Documented hardship Missed one or more payments Primary residence Not filed bankruptcy MORTGAGELOAN.COM Monday, February 9, 2009
  • 5. Where Do I Get One? Mortgage lender Mortgage servicer Attorney Beware of loan modification “specialist” MORTGAGELOAN.COM Monday, February 9, 2009
  • 6. What Documentation? Hardship letter Mortgage payment history Monthly budget (income and debt) Document responsiveness to lender Other, as requested by lender MORTGAGELOAN.COM Monday, February 9, 2009
  • 7. Loan Modification Programs IndyMac Bank Federal Housing Finance Agency (FHFA) Citigroup JP Morgan Chase Bank of America MORTGAGELOAN.COM Monday, February 9, 2009
  • 8. Need More Information Loan modification programs continually change New loan modification rules and eligibility More banks offering loan modifications Get the latest: Guide to Mortgage Loan Modification Programs MORTGAGELOAN.COM Monday, February 9, 2009
  • 9. MortgageLoan.com Latest mortgage news and information. Find informative mortgage guides, rates, and preferred lenders: http://mortgageloan.com Monday, February 9, 2009