STEP ONE

Obtain a free credit report today! To qualify for a loan modification you will need to enter the minimum monthly payment amounts for each credit card and installment loan such as; auto payments and credit cards. Click the link below to obtain a free credit report. We recommend you choose all three credit agencies to check the accuracy of payments and balances. On many occasions, homeowners discover that information contained on their credit report is not accurate. This data can be challenged and removed if it is incorrect.

Get Your Free Credit Report

STEP TWO

The most important important step in the loan modification process is to obtain an accurate appraised value for your property.

Follow the links to estimate your property value and upgrade after to a full valuation as part of your licensing fee. Prior to licensing our software we will leverage our national network of certified state appraisers to make sure you know the value of your property.

Inaccurate property value has been identified as the primary reason homeowners fail the NPV Test and do not qualify for lender assistance. Follow the links for the free NPV Test and Prequalify Before Licensing The Software..

Links To Estimate Your Property Value

STEP THREE

There are now multiple loan resolution programs available to distressed homeowners. To establish which programs may be available - you must identify the investor who owns your loan. You can start by clicking below to see if either of the two largest mortgage investors own your loan. If Fannie Mae or Freddie Mac own your loan you are automatically qualified for the Home Affordable Modification Review. If these two agencies do not own your loan you can check our "HAMP Servicer Participation Page" to see if your lender participates in the Home Affordable Modification Program. Click here to see if Fannie Mae or Freddie Mac owns your loan and to view the list of participating lenders.

Find Out Who Owns Your Loan

Step Four

You will need to gather a few documents. See the list below for each of the documents you will need.

A) First, you will need pay-stubs. Gather the 4 most recent "Pay-Stubs" for all household members that contribute to the monthly expenses including the mortgage payment. Start with the borrowers and include any occupant income from relatives or friends who reside with you. If you are a self-employed business owner, or you are paid commissions you must provide a "Profit & Loss Statement for the last four months. Our software has the tools you will need to accurately reflect your income needed to qualify.

B) Second, you will need tax returns. You will need to furnish the last two years of your signed “Federal Tax Returns”. You MUST SIGN the federal returns prior to submitting. If you are self-employed or file a corporate tax return, you will need to provide the prior two years signed "Federal Tax Returns" for the business.

C) Third, you will need bank statements. You will be required to forward a complete copy (every page) of the last four months personal bank statements. If you own a business you will also need to send the last four months of your (every page) business bank statements.

D) Fourth, you will need homeowner insurance declaration page. You will need to provide a copy of your insurance declaration page to determine the annual hazard insurance premium for the property. If the bank has obtained a lender-placed policy you may be able to reduce the annual payment amount through an insurance agent within our network hub.

E) Fifth, you will need a property tax bill. Your property tax payment is typically included within your monthly mortgage bill. You will need to provide the most recent tax bill you received from your assessor. If you cannot locate your property tax bill your lender may be able to provide the information.

F) Sixth, You will need a recent utility bill to establish that you occupy the property. If other family members who are not on the mortgage live with you and contribute to the monthly household expense, you will need to forward at least one bill that comes in their name at the property address.

G) If you receive pension, disability or social security you must provide a copy of the award letter for each, and show that you deposit it in the bank.

H) If you receive rental income from tenants you must provide a copy of all lease agreements or rental leases. You will need to provide a copy of rental lease agreements for any individuals that reside with you and are not a tenant. Friends and family members are not tenants and your lender does not not require a lease. You must still prove you are receiving the money by depositing the funds they give in the bank each month.

Step Five

You have your credit report, You have an estimate of your property value, You know who owns your loan, You have all your income documents ready to go.

YOU ARE READY TO SEE IF A BENEFIT EXISTS TO MODIFY YOUR LOAN USING THE NPV.

If you pass the NPV Test you will be ready to get a certified valuation for your property. if you have already passed the NPV TEST you can access your software today to start cutting all household expense.

Click below to run a free NPV Test. This test determines if a financial benefit exists for your lender to modify the terms of your loan. If you pass you can proceed right to licensing the software.

Get Pre-Qualified For Your Loan Resolution