http://blog.badcreditwhiz.com/mortgage-loan-modification/ Bad Credit Blog - Loan tips for people with Bad Credit Rating Tue, 31 Jan 2012 12:05:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://blog.badcreditwhiz.com/mortgage-loan-modification/comment-page-1/#comment-4062 Laura Morton Fri, 14 May 2010 20:22:07 +0000 http://blog.badcreditwhiz.com/?p=1301#comment-4062 In order to make the loan modification process run smoothly, the borrower must be prepared. The lender or the loan servicer will request certain documents and information. This is to help him or her underwrite the loan as soon as possible. When you complete the application, you should have the following ready to hand over. Most recent income tax return Information about your assets and liabilities Recent paystubs or pay statement (last 3) Information about a junior if there is one (second mortgage) Credit card balances and the minimum monthly payments Information on other loans, such as, car loans, student loans, co-sign loans A letter explaining why your mortgage is no longer affordable (hardship letter) Being organized and prepared speaks to your character, and will make it easier to get a "yes". In order to make the loan modification process run smoothly, the borrower must be prepared. The lender or the loan servicer will request certain documents and information. This is to help him or her underwrite the loan as soon as possible. When you complete the application, you should have the following ready to hand over.
Most recent income tax return
Information about your assets and liabilities
Recent paystubs or pay statement (last 3)
Information about a junior if there is one (second mortgage)
Credit card balances and the minimum monthly payments
Information on other loans, such as, car loans, student loans, co-sign loans
A letter explaining why your mortgage is no longer affordable (hardship letter)
Being organized and prepared speaks to your character, and will make it easier to get a “yes”.

]]> http://blog.badcreditwhiz.com/mortgage-loan-modification/comment-page-1/#comment-3570 gennie chan Tue, 09 Mar 2010 03:42:12 +0000 http://blog.badcreditwhiz.com/?p=1301#comment-3570 Thank you for this very informative article of yours. You have explained everything well. I appreciate that you shared this to us. I came across this site and I wanted to share this to you, this helps me fix my bad credit. Thank you for this very informative article of yours. You have explained everything well. I appreciate that you shared this to us.
I came across this site and I wanted to share this to you, this helps me fix my bad credit.

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