Freddie Mac: Loan Modification Information Video
Today, Freddie Mac released a new video aimed to help people who are in trouble with their mortgage and wondering about a loan modification titled “Stop Foreclosure: Documents Your Lender Needs To Help You“. This video is targeted toward people right here in Florida who are wondering what documents their lender needs in order to get a loan modification done. Most lenders are overwhelmed with people requesting loan modifications and this video will do an excellent job of letting people what their lender will require.
Documents Needed By Your Lender
- Copies of your most recent paystubs showing your net take home pay
- For any other debt such as credit cards, car loans, etc. – have account balances and minimum payment amounts
- Second loan or home equity line of credit statements
- Copies of your last years tax return
- The most recent mortgage statement that you have
Florida Loan Modification: Hardship Letter
Think a hardship letter doesn’t matter? Wrong. A good hardship letter can make or break your case and will help speed up the loan modification process. A well written hardship letter that describes the “human story” can often be the key that makes the difference between your loan modification getting approved or denied – so don’t neglect it!
