Note: For essential details and tips on your Green Tree loan modification, go here for a free consultation:
1. Figure Out If Your Lender Offers HAMP (Home Affordable Modification Program) Many times, this program is possibly your best choice in getting your mortgage payments decreased. Green Tree may try to qualify you for this loan mod option, making your financial life much simpler to handle. In case you find you do not qualify for this alternative;
2. A Qualified Hardship Letter This letter will document your financial problems to your bank. Keep it straight to the point and as specific as possible. If you prepare a letter yourself and are rejected, it might be extremely tough to go back and re-apply with completely different paperwork and financial details. This is your home on the line - taking chances could very well cost you your family's residence. Instead, get a loan modification service help you produce the hardship letter.
3. Crucial Last Tip: Do Not Do This On Your Own The Green Tree loan modification practice will entail a large number of documents that need to be organized according towards the new laws and government restrictions. Since this method is quite time intensive and difficult to understand, I must warn you -- it will be a mistake to try this in your very own. Working with a reputable loan modification company will minimize some of the constant worry and greatly boost your likelihood of having your application approved. Another advantage of working with a professional is having him/her handle all the phone calls for your lender. We've all encountered waiting on hold for hours and then talking with someone not inclined to clearly teach you how the process works.
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For essential details and tips on getting your Green Tree loan modification approved, visit: http://www.unitedprocessingcenter.org