The do-it-yourself loan modification solution – diy loan mod kit
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posted by admin – january 8, 2011 at 5:51 pm and yes we do think that the government is dancing around the issue of loan modifications. Until the administration embraces principle reduction this is will still remain a problem.
be the first to comment – what do you think? posted by admin – january 10, 2011 at 5:58 am categories: loan modification , obama plan tags: diy loan modification , diyloanmodkit , diyloanmodkit.com , do it yourself loan modification , loan modification , obama dancing , obama loan modification dance
a free online calculator is now available to homeowners who are looking for a loan modification under the hamp program. The calculator was released by the treasury department for homeowners to see if they will potentially qualify for the home affordable modification program ( hamp ). Presently you cannot use the calculator for any other loans that are not government sponsored.
according to treasury sources, the new calculator can be used a point of reference for borrowers, housing counselors and any others in the loan modification industry that may use the process, but using the calculator does not mean that you will qualify. The information/data the calculator uses to qualify the borrower is based on interest rate, term and forbearance amount and may be inputted differently depending on the servicer.
an npv(net present value) test is typically conducted by servicers when evaluating a borrower for hamp . The test determines the va…read more detail
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