Many people in United States are facing foreclosure because of their financial hardship. To help all its customers save their home from being foreclosed countrywide has come up with loan modification programs. This loan modification refinancing mortgage is specially designed to reduce mortgage refinancing principal amount of the loan. All the applicants would be eligible for principal reduction from the lender as there are some guidelines and lending criteria.
Principal reduction is offered on certain loans only and not every loan would be eligible for the same. The help is offered to the people in 11 states which are in the countrywide lawsuit. These states are Arizona, Texas, Ohio, California, Florida, Michigan, Washington, Illinois, north Carolina, Michigan and Connecticut.
The people who would be eligible for countrywide principal reduction must fulfill the following requirements:
1. He/she must be a citizen of one of the following states.
2. The loan must be originated between Jan 1, 2004 and Dec 31, 2007.
Here is how you can approach countrywide to reduce principal on mortgage:
Read the guidelines before you plan to apply for principal reduction on your loan and see if you are eligible.
Now order for an application form online and fill up the form thoroughly. Every field should be filled in correctly and nothing should be left blank.
Submit all the documents that countrywide would need to get your loan modified. Do not delay the process by submitting an incomplete file. Every document must be presented on time and in correct order.
Be ready for every type of verification and make sure, every information given by you is genuine. Do not try to fool countrywide to get principal reduction on your loan.
Keep in touch with the banks official and keep yourself updated on the status of your file for principal reduction.
To know more about Countrywide Loan Modification Programs and to check if you qualify
Click Here --> Countrywide Loan Modification Help
President Obama has offered $1000 incentive for home owners that opt for Loan Modification instead of Short Sale Or Foreclosure.
To know more about Latest Loan Modification Programs and to check if you qualify for Government Grants
Click Here --> Federal Grant For Homeowners
FREE Trials are for a limited time only, so get yours today.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น