Loan Modification Worksheets
(Financial Worksheets For Loan Modification)
Your bank will have a better idea of your current financial situation based upon the information you include in these loan modification mortgage worksheets. These worksheets will prove invaluable during your loan modification and drastically increase your chances of approval. These loan modification worksheets will paint a picture of your current economic situation based upon your yearly income, assets, value of all your properties, expenses, financial hardships, etc...
These loan modification worksheets are geared to prove to your lender that you will be able to afford your newly restructured payments. The main theme you will see in this free loan modification kit, is convincing your lender that while you cannot afford to make your current mortgage payments, you can afford to make your restructured mortgage payments. Our Loan Modification worksheets will prove to your lender that your current financial situation is expected to improve within the next six months and by how much.
Loan Modification Income/Expense Worksheets
Aside from your hardship Letter, your income and expense worksheets are the most important parts of your loan modification package. These loan modification worksheets give your lender an accurate portrayal of your current financial situation. Your loan modification income worksheet outlines every source of income you have, and how much you receive from each source. Your loan modification expense worksheet lists every major expense you have including: Monthly payments, insurance, taxes, etc. Your lender uses these loan modification worksheets to determine your "Debt to Income Ratio". Most lenders will use their individual formulas to calculate this.
Although most banks will not require you to submit the loan modification worksheets below, they surely will appreciate the extra information you have given them. Saving your home with a mortgage modification is not something you can do halfway.The key here is to go above and beyond the typical mortgage modification requirements. These loan modification worksheets will almost give your loss mitigation specialist no other choice than too approve your loan modification.
Loan Modification Worksheets Included In Our Free Loan Modification Kit:
Statement of Current Fair Market Value
Expense Worksheets
Net Worth Statement
Income Worksheet
Schedule of Real Estate Owned
Lender Call Log Sheet
Fax Cover Sheet
Required Documents Checklist
Sample Request for Modification of Loan Terms based on Hardship Form
Current Net Income & Expense Worksheet
Projected Net Income & Expense Worksheet (6 months after date signed)
Projected Income Worksheet
Projected Expense Worksheet
Sample Hardship Letters
Schedule of Real Estate Owned
