In February 2009, President Obama introduced to the nation his comprehensive Financial Stability Plan, addressing the key problems that are at the heart of our country's current housing crisis. A core and critical component of that plan is his making home affordable plan, a plan with the goals of stabilizing the housing market and providing immediate and necessary relief to struggling homeowners so that they may avoid foreclosure and get back on their feet again.
The Home Affordable Modification Program provides all eligible homeowners with the wonderful opportunity to modify and restructure their existing mortgages in order to make them affordable and maintainable. To date, over a million homeowners received assistance and the program is well on its way to helping 3 to 4 million homeowners by the year 2012.
It is easy to get approved for the Wells Fargo Loan Modification Plan when you prepare and submit your application the right way. Your financial statement must show your current home loan payment is unaffordable. Other basics, like the mortgage being on your primary residence, the amount of the loan, and when you took it out, are also easy to prove in black and white on the forms.
When you apply for the program you will have a brief telephone interview with a Wells Fargo plan counselor. Be sure to have all of your information prepared and on hand for the call. You will be asked questions regarding the answers on the application, and if you have it in front of you, you will have no trouble getting through the interview quickly and be on your way to getting approved.
Take the time to work on your loan modification forms before giving Wells Fargo your financial information. Then you make sure that you have the best chance of approval. If you hurry through the Loan Modification Plan application and hope for the best, you could be just wasting your time. Your home is on the line-make sure you do everything you can to get the results you need and deserve. It just makes sense-learn, prepare, fine tune, then apply-it is time well spent.
The Home Affordable Modification Program provides all eligible homeowners with the wonderful opportunity to modify and restructure their existing mortgages in order to make them affordable and maintainable. To date, over a million homeowners received assistance and the program is well on its way to helping 3 to 4 million homeowners by the year 2012.
It is easy to get approved for the Wells Fargo Loan Modification Plan when you prepare and submit your application the right way. Your financial statement must show your current home loan payment is unaffordable. Other basics, like the mortgage being on your primary residence, the amount of the loan, and when you took it out, are also easy to prove in black and white on the forms.
When you apply for the program you will have a brief telephone interview with a Wells Fargo plan counselor. Be sure to have all of your information prepared and on hand for the call. You will be asked questions regarding the answers on the application, and if you have it in front of you, you will have no trouble getting through the interview quickly and be on your way to getting approved.
Take the time to work on your loan modification forms before giving Wells Fargo your financial information. Then you make sure that you have the best chance of approval. If you hurry through the Loan Modification Plan application and hope for the best, you could be just wasting your time. Your home is on the line-make sure you do everything you can to get the results you need and deserve. It just makes sense-learn, prepare, fine tune, then apply-it is time well spent.