|
|
 |
|
|
All States
Loan Modification Services |
|
|
|
DO YOU QUALIFY?
|
|
|
|
|
|
|
1.
|
Is your home your primary residence?
|
|
|
|
|
2.
|
Is the amount you owe on your first mortgage equal to or less than $729,750?
|
|
|
|
|
3.
|
Are you having trouble paying your mortgage?
For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)?
|
|
|
|
|
4.
|
Did you get your current mortgage before January 1, 2009?
|
|
|
|
|
5.
|
Is your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner's association dues, if applicable) more than 31% of your current gross income?
|
|
|
|
|
|
|
|
If you answered “Yes” to these questions, you may qualify for the Obama Home Affordable program. Fannie Mae and Freddie Mac lenders and all lenders that accepted government TARP funds must participate in the program. Most other lenders are also participating in the program.
Do you have a Fannie Mae Loan? Click here to find out.
Do you have a Feddie Mac Loan? Click here to find out.
|
|
|
|
What Information is Needed?
|
|
|
|
- Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.
- Your most recent income tax return.
- Information about your savings and other assets
- Information about your first mortgage, such as your monthly mortgage statement.
- Information about any second mortgage or home equity line of credit on the house.
- Account balances and minimum monthly payments due on all of your credit cards.
- Account balances and monthly payments on all your other debts such as student loans and car loans.
- A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.
|
|
