Your SlideShare is downloading. ×
0
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Loan Modification Guide
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Loan Modification Guide

648

Published on

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.

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
648
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
16
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide









  • 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

    ×