How it Works:

No Credit Check:

LoanModify123 does not check your credit. We are a referral service for the top loan modification experts in the industry who have successfully completed hundreds of loan modificationss for people just like you.

Categories to Qualify for a Loan Modification:

You should fall into one or more of the following categories to be considered for a home loan modification:

Sub-Prime Loan	Foreclosure
100% finance	Death
Home value depreciation	Disability
Bad credit	Serious illness
High Loan To Value	Major medical expense
Behind on mortgage payments	Natural disaster
Loss of job	Child care expenses
Loss of income/salary reduction	Property tax increase
Divorce	Unavoidable home repairs
Adjustable Rate Mortgage (negative amortize)

In order to qualify for your loan modification, you will need to provide the lender with the the information detailed below. You loan modification consultant will help you prepare these documents and present them on your behalf the lender. They will then work to negotiate the loan modification terms with the lender based on the circumstances presented in these documents.

EXPLANATION OF FINANCIAL HARDSHIP

The Explanation of Financial Hardship letter should detail the reasons behind your financial situation and the reasons you are requesting a loan modification. You will need to include proof of your hardship claim, such as medical bills, death certificate, unemployment stubs, divorce decree, etc. If there is more than one borrower, each person needs to complete their own proof of hardship forms.

The hardship letter is required by all mortgage companies in order to qualify for a loan modification (also known as loss mitigation). Your ability to receive a loan modification depends on your level of hardship.

FINANCIAL WORKSHEET:

In an effort to determine whether or not you will be able to meet any new monthly loan payment both now and in the future, the lender will examine both your income and amount of debt. We have drafted a financial worksheet which we provide to the lender on your behalf as part of the loan modification application.

The financial worksheet is used to determine if whether or not you will be able to meet any new monthly loan payment both now ad in the future. the lender will examine both your income and amount of debt.  

COPIES OF MOST RECENT PAYROLL STUBS and W’2 FORMS:

You will need your most recent monthly pay stubs along with your W-2 forms from the last two years. If you are self-employed, you’ll need to acquire your most recent tax returns, including you schedules for the most recent tax year.

COPIES OF YOUR MOST RECENT BANK STATEMENTS:

You will need to provide at least three months of bank statements from your checking and savings accounts. Include any investment accounts as well. Make sure all of the pages are included in the bank statements. Any missing documents can seriously slow the entire process.

COPIES OF HOUSEHOLD BILLS:

You will need copies of any and all household bills, property tax and home owners insurance, home owners association, coupons from your lender about mortgage payments, any and all statements from your lender regarding late payments or foreclosure notice, etc.