Ocwen Financial is approved by the Treasury Department to offer streamlined loan modification approvals for homeowners who can meet the basic eligibility requirements. If you are in trouble with your mortgage payments, then you do not have time to waste. Learn the requirements to qualify for this fast and standardized plan so that you can get the help you need and deserve.
Ocwen will be paid a cash incentive for each mortgage modified using the federal plan. This means that the bank is motivated to help as many borrowers as possible avoid foreclosure. The only thing you need to do is to make sure you complete the application paperwork correctly so that you have the best chance of meeting the approval guidelines. It’s simple-once you understand what Ocwen needs to see from you then you can fine tune your paperwork so that it fits into those guidelines.
The first step to this streamlined loan modification plan is to pass a short questionnaire. If you can answer yes to these basic queries, then you can move onto actually submitting your application. Do you:
- Live in the home as your primary residence?
- Have a mortgage payment that equals more than 31% of your 개인회생대출 gross earnings (make sure to include your property taxes, homeowners insurance and any homeowners dues in your calculation)
- Face a financial hardship due to less income and/or greater expenses?
- Have a loan that was taken out before January 1, 2009 and is less than $729,750?
If you passed those questions, then you are onto step 2 of the streamlined loan modification program. The next step is actually completing the paperwork and providing proof of your income. This is where it gets serious-remember that the information you provide to Ocwen will determine whether you qualify or not. That is why it is so important to learn about how to complete your application correctly so that you meet and guidelines and get that quick approval.
Taking a couple of hours to learn about the loan modification process and understanding how to make any necessary adjustments to your application can make the difference between success and failure. The truth is even a deserving homeowner can be denied because they made a mistake on their forms or did not know how to present their situation correctly. Over 150,000 homeowners have already gotten help in the last few months-you can too. Just be sure to learn, prepare and then apply. It just makes sense-your home is on the line.
You can get the help you need to apply and qualify for a by ordering and downloading the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read home edition loan mod kit that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly.
The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Learn how to apply and qualify for the Obama federal program too. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.