The most important aspect of your loan modification submission is the financial picture you portray to your lender. They are hearing hardship stories constantly, as such that is not typically the make or break point. However, if you tell them too much or too little income and/or expenses then you are putting your modification at risk of being denied or having unfavorable results (we have seen payments go up). That being said you must be truthful with your lender, while being strategic.
Loan modifications require a strategy and are not as simple as you would think (only approximately 7% of folks are successful). Don’t lose hope! You can put together this strategy with a focus on education and professional tools. If you start communicating with the lender prior to taking these necessary steps and the lender responds unfavorably it is an uphill battle trying to convince the lender of why they should reverse their decision.
Our program demystifies the process, so you can anticipate what the lender’s response will be rather than reacting to their decision.
Our mission is to help homeowners across the country. In order to facilitate this mission we are offer a complementary budget and loan mod evaluations to get you on the right track. Do you want to know if you would qualify ahead of time or what your payment, interest rate and terms could be?
Even if you have already engaged with your lender or are working with a loan modification company, it’s not too late. That being said time is of the essense and your financial future is too important to put you and your family at risk.
Contact us today for a complimentary loan mod evaluation at FreeLoanModEvaluation@EZ-LoanMod123.com .
All the best,
Your Educators at EZ-LoanMod123.com