Learn how to stop foreclosure quickly! – Free Hardship Letter Samples – Free Loan Modification Guides
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Loan Modification Application – What You Must Include

Posted on Jun 04 2011

Most lenders have a specific modification package they’ll send to you. However, there are some lenders who don’t have one and you may be with such a lender. If that’s the case, you’ll have to put together your own package.

The Major Parts of a Good Loan Modification Application:

loan-modification-application

loan-modification-application

Primary Documents:

A Hardship Letter – This lets the lender know why you’re in this situation, and what you plan on doing about it.

An Income and Expense Statement – Usually, this document will be supplied by the lender, but we’ve included a statement you can use if necessary.

Supporting Documents:

Pay stubs – One month’s worth of pay stubs is sufficient.

W-2’s for the past two years.

Tax returns for the past 2 years.

Financial statements, if self employed.

 

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