How to Get a HAMP - Home Affordable Loan Modification Program Approval

Jan. 27, 2010 - PRLog -- The HAMP Home Affordable Loan Modification Program is backed by the Obama President Administration as assistance for a countless amount of homeowners facing foreclosure to try to save their homes. Lenders, Banks and Services have various qualification requirements for their in-house programs but the HAMP Home Affordable Modification Program is based on HAMP official general eligibility guidelines set by the Treasury Department guidelines, as follows:

   * You must have taken out your loan prior to January 1, 2009.
   * The property must be where you live.
   * The full mortgage balance must be below $729,500.
   * You must certify that you are under acceptable financial hardship.
   * You must present documentation proving your total household's income, tax documents, and expenses.

In addition to the standard HAMP Home Affordable Loan Modification eligibility guidelines, many of the lenders also have their own programs and guidelines for those in-house programs, each lender, servicer & bank may differ. You can find general loan modification guidelines on http://www.usloanz.com/loan-modification.php along with forms and checklists. Learn as much as you can about loan modifications and your lenders guidelines to all available programs, get as organized with your income and expense documentation, get a positive modification mindset going in, and treat everyone you speak to with respect as you will get much further with kindness. Everyone is under stress including the representative that are under heavy call volume in a highly stressful position. If you do not get the excellent customer service you deserve graciously finish the call and call again. If needed, nicely escalate the call. Remember to keep calm to avoid your own frustration.

Qualify Now for HAMP Loan Modification Program at: http://www.usloanz.com/loan-modification-quote.php

Do not try to get loan modification information from the collections department, their job is primarily to collect, do not let them intimidate or discourage you. Do not be afraid to ask questions about their programs. Do not get frustrated if you are not able to get a hold of their other program guidelines from the representatives as many times they are unaware of how the programs work. Call back if you have to until you get as much information as possible, do your research. Be determined to not give up until you are successful. If you are denied for the HAMP Home Affordable Modification Program ask for a detailed line by line examination of the income used, expenses used and all reasons of the denial. Find out if you qualify for other programs, sometimes their other programs can be better than the HAMP. Be prepared to make corrections if their were errors and re-apply.

If you have changes and corrections to income or expenses or circumstances you are allowed to re-apply for the HAMP Home Affordable Modification Program as you are with other programs as well. Think of a successful outcome to have a better chance of success, think good thoughts as thoughts become things. Usloanz.com is nation's one of the most expert loan modification company which helping millions of home owners to stay in their home and saving their money. For more information visit at: http://www.usloanz.com/loan-modification.php

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