tag:blogger.com,1999:blog-40666823960905988502011-07-28T19:34:55.593-07:00MortgageModificationhttp://www.blogger.com/profile/13889278986724953321noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-4066682396090598850.post-82053677117046836822009-03-04T22:45:00.001-08:002011-04-28T11:04:30.021-07:00<span style="font-size:100%;">Who is eligible?<br /></span><ul><li><span style="font-size:100%;">You should have kept current with mortgage</span></li><li><span style="font-size:100%;">20% equity in the house</span></li><li><span style="font-size:100%;">May be default or at rick of default</span></li><li><span style="font-size:100%;">The home should be owner occupied</span></li></ul><span style="font-size:100%;">Who is NOT eligible?<br /></span><ul><li><span style="font-size:100%;">Speculators, who bought as investment</span></li><li><span style="font-size:100%;">The property values has dipped by more than 5%</span></li><li><span style="font-size:100%;">Should not be a jumbo mortgage</span></li><li><span style="font-size:100%;">Those who misrepresented their income in the loan application</span></li></ul><span style="font-size:100%;">What you should do?<br /></span><ul><li><span style="font-size:100%;"> You should prove that you have adequate income to make loan repayments.</span></li><li><span style="font-size:100%;">If your total debt (like car loans etc) is more than 55% of your income, you are still eligible but should undergo debt counseling<br /></span></li><li><span style="font-weight: bold;font-family:georgia;font-size:100%;" ><a style="color: rgb(0, 0, 153);" href="http://www.lynxtrack.com/click/he0tKM53nlJ3579yy/s-mmp">Check the Mortgage Modification Website to see if you qualify for Loan Modification</a></span><span style="font-size:100%;"><br /></span></li></ul><span style="font-size:100%;">Benefits you will get<br /></span><ul><li><span style="font-size:100%;">Refinance mortgage loan to low interest rates</span></li><li><span style="font-size:100%;">The lender will lower the monthly payment to 31% of the gross income.</span></li><li><span style="font-size:100%;">Borrowers who are prompt in making loan repayments will get incentive bonus of $1000 per year for 5 years</span></li><li><span style="font-size:100%;">Interest rates cannot be less than 2%</span></li><li><span style="font-size:100%;">The refinance will last for 5 years</span></li></ul><span style="font-size:100%;">It is estimated that it could benefit 8 to 9 million homeowners from the new modification procedures. Even if you don't meet the above eligible requirements you might still qualify for other Mortgage Modification Programs.<br /><br /></span><span style="font-weight: bold;font-family:georgia;font-size:100%;" ><u><a style="color: rgb(0, 0, 102);" href="http://www.lynxtrack.com/click/he0tKM53nlJ3579yy/s-mmp">Click here to see if you qualify for Mortgage Modification Program</a></u></span><span style="font-size:100%;"><br /><br />Every day you put this off is probably costing you money.</span><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/4066682396090598850-8205367711704683682?l=mortgagemodificationprogram.blogspot.com' alt='' /></div>MortgageModificationhttp://www.blogger.com/profile/13889278986724953321noreply@blogger.com