| If you are having difficulty making the regular | | | | check number, person you talked to, and all basic |
| payments on your mortgage, you are definitely not | | | | information. |
| alone. The housing and employment crisis in this | | | | Second, gather all your finance-related information |
| country is the worst in decades -- probably the worst | | | | before you even call about the loan modification |
| financial crisis since The Great Depression, so do not | | | | program. That means, get your loan agreement and |
| feel as if you are the only one in this situation. Since | | | | account number. Get your income and expenses |
| this is not the depression era, we are all lucky; there | | | | figured out. Gather bank statements and paycheck |
| are options available to help you out. The most | | | | stubs and utility bills. To qualify for a loan modification to |
| practical and helpful solution is the government-induced | | | | your home, you must be able to show that you need |
| loan modification program. And here are three ways to | | | | help and that you have been attempting to pay. |
| help you qualify for a modification to your home loan. | | | | Third, ask for clarification of anything you don't |
| First, keep track of every transaction you have with | | | | understand. Lenders are inundated with loan |
| your lender. I recommend getting a 99-cent spiral | | | | modification requests, and some people may be more |
| notebook to keep as a logbook. Whether you are | | | | willing to help you qualify for a modification to your |
| sending in a payment, making a phone call for | | | | home loan than others. If the person you are speaking |
| information, or sending in paperwork that was | | | | with rushes you or uses terminology you don't |
| requested of you, write down all the pertinent | | | | understand, ask for clarification and ask questions until |
| information in your book. Include date, time, amount, | | | | you do understand. |