Obama's Loan Modification Program is Giving Away $5,000 For Each Qualified Homeowner!
Do you want to receive $5,000 to help you pay your mortgage? Well, here's something for you - Obama's loan modification program!
Click here to get loan modification help today!
A portion of the loan modification program - the Pay for Success fund - will grant homeowners who keep current with their new loan modification payments $5,000. So it's like rewarding you for being a good homeowner in paying your fees on time. What could be better than a good prize in the form of $5,000 for a job well done?
An important reminder though is that not everyone can qualify for the monetary incentive. You have to meet the requirements point blank. Two prerequisites are to make sure you make your monthly payments on time for 1 year. To receive your $1,000 every year, you should not miss a payment for 5 years. The total therefore is $5,000, which will then go to help you pay your mortgage.
Obama's loan modification program is designed to reduce monthly payment to equal 31% of the homeowner's gross monthly income. This is called the debt ratio, and an important factor for getting approved. It will help if you know your debt ratio and how much your monthly payment would be if your debt ratio were lowered to 31%.
As with any forms of application, you need to fill out forms and submit documents, primary of which are financial statements. Source of income for one, is an essential document to show the lender.
There are companies offering professional service for loan modification applications. They can help you with your documents and the application process in general. If you decide to hire one, prepare $1,500-3,000 for the service rendered. If not, ensure that you have all the necessary forms and documents, and that you follow the guidelines.
For must know facts about how you can get approved for a loan modification, visit my blog at http://1MortgageModifications.com/ to get help today.
Click here to get loan modification help today!
A portion of the loan modification program - the Pay for Success fund - will grant homeowners who keep current with their new loan modification payments $5,000. So it's like rewarding you for being a good homeowner in paying your fees on time. What could be better than a good prize in the form of $5,000 for a job well done?
An important reminder though is that not everyone can qualify for the monetary incentive. You have to meet the requirements point blank. Two prerequisites are to make sure you make your monthly payments on time for 1 year. To receive your $1,000 every year, you should not miss a payment for 5 years. The total therefore is $5,000, which will then go to help you pay your mortgage.
Obama's loan modification program is designed to reduce monthly payment to equal 31% of the homeowner's gross monthly income. This is called the debt ratio, and an important factor for getting approved. It will help if you know your debt ratio and how much your monthly payment would be if your debt ratio were lowered to 31%.
As with any forms of application, you need to fill out forms and submit documents, primary of which are financial statements. Source of income for one, is an essential document to show the lender.
There are companies offering professional service for loan modification applications. They can help you with your documents and the application process in general. If you decide to hire one, prepare $1,500-3,000 for the service rendered. If not, ensure that you have all the necessary forms and documents, and that you follow the guidelines.
For must know facts about how you can get approved for a loan modification, visit my blog at http://1MortgageModifications.com/ to get help today.