GMAC Mortgage 800-799-9750

Wells Fargo  800-678-7986

Citigroup, Citibank and Wachovia  866-272-4749

JP Morgan Chase, Chase, Wamu, Washington Mutual  866-550-5705

Countrywide  800-669-0102

M&I  877-473-4333 or 877-849-6160

If you are behind or know that you are going to get behind on your mortgage, don’t wait until it is too late.  The sooner you start the more likely you will end up with a favorable result.  Save your home from foreclosure and make the call today.  You home is worth saving and loan modifications do work.  You do not need to pay someone to do a loan modification, you can do it yourself.  Use this information to save your home.

Who Can Do A Loan Modification And Get Paid?

You can theoretically do your own loan modification. You just need to call the loss mitigation company for the company that holds the note on your mortgage loan. They can instruct you as to what you will need to be eligible for a loan modification.

How Do You Apply For A Loan Modification?

Most lenders have criteria for modifying mortgages right now. Just call and see what you will need. Most lenders are going to require that you provide your most recent pay stubs, bank account information and the last two years of federal income tax returns. Most banks aren’t just going to take your word for it that you need a loan modification. They are going to want to see that you will be able to handle the new payment or if there really is a hardship.  Most lenders wont consider you for a loan modification unless you are a few payments behind.  If you are current forget it. However new legislation may allow a bank to give you a loan modification even if you are current.  If you are in a loan that will reset and you can proove a future hardship, you may have a shot at getting new loan terms form your bank.