Loan Modification Corp :: Loan Modification Pre-Qual Form

<a href="https://secure.blueoctane.net//forms/T4F3OZLALGXP">Click Here To Load This Formexperts.com Form</a>

The primary purpose of loan modifications is to assist distressed borrowers who are unable to meet their mortgage obligations. Therefore, a loan modification, as opposed to a refinancing, enables a servicer to change the terms of a loan to better enable the borrower to stay current or cure a loan without retiring the existing loan. Loans can be modified by extending the amortization terms, adding balloon payments, decreasing the mortgage rates, forgiving principal or interest payments, and extending the fixed-rate period of a hybrid ARM loan, among other things.

This means the lender will make changes to the original loan. Those can be changes to your interest rate, payment schedule, loan balance, late charges, length of loan, pre-payment penalties, the handling of past-due payments, and the like. You do not have to be behind in payments to negotiate a Loan Modification.

.10-min Fast Pre-Qual:

Borrower Information:
First Name:
Last Name:
Home Phone:
Cell Phone:
Email:
Address:
City, State, Zip:
Dependents (#):

Co-borrower Information:
First Name:
Last Name:
Home Phone:
Cell Phone:
Email:

Property Information:
Subject Property Address:
City, State, Zip:
Purchase Price (if applicable):
Year Acquired:
Property Type (e.g. SFR):
No. units:
Original Cost:
Present Value:
Last Refi date (mo/yr):
If Refinanced, what was the Loan Amount:

1st Mortgage Information:
1st Lender Name:
1st Mortgage Balance:
1st Monthly Payment:
Current Interest Rate on 1st:
Loan Type (e.g., 5/1 ARM):
Fixed or Adjustable:
If Adjustable, when did/will Rate Adjust:
Is Property Tax Included in the Payment Above:	Yes No
Is Homeowner's Insurance Included in the Payment Above:	Yes No

2nd Mortgage Information:
2nd Lender Name:
2nd Mortgage Balance:
2nd Monthly Payment:
Current Interest Rate on 2nd:
Fixed or Adjustable:

Mortgage Hardship:
Has there been a hardship:	Yes No
Has the hardship been resolved:	Yes No
How many payments Behind:
How many payments Saved:
Has client filed bankruptcy:	Yes No
If so, what type of BK?	Chapter 7 Chapter 13
Has client been in contact with lender:	Yes No
If yes, list details here:

Monthly Income - Borrower:
Full Time Net Income:
Part Time Net Income:
Pension:
Disability:
Child Support:
Alimony:
Other (describe):

Monthly Income - Co-borrower: (if applicable)
Full Time Net Income:
Part Time Net Income:
Pension:
Disability:
Child Support:
Alimony:
Other (describe):

Monthly Expenses:
1st mortgage payment:
Property Taxes:
HOA Fees:
2nd Mortgage payment:
Monthly utilities:
Groceries:
Car payment:
Car Insurance:
Fuel:
Insurance (homeowners, medical, dental, life):
Total credit card minimum payments:
Child care, education, school lunch:
Other:
After Clicking "Submit," you may see 1 or 2 pop-ups warning you that you are sending an email. Please click "Yes," "Ok," or "Allow" on all pop-ups so that your information is sent to our Server.