Loan Modification for Unemployed
The Unemployment rate in the United States is sky high and daily lots of people are losing their jobs. And the sad thing is that many of them are the mortgage loan owners. And now they are facing difficulties to pay their mortgage loans.
The most common question for the unemployed is that,
Can you do a home loan modification if you are Unemployed?
Well, my answer is – It’s not Impossible.
Yes, You can go for a loan modification program even if you loss your job. In fact, the loss of a job is the hardship which is commonly accepted for the loan modification program.
If you're unemployed and are in desperate need of a loan modification to save your home, you are not alone. Unemployment in the United States is at an all-time high and everyone is feeling the effects. Foreclosure may be right at your doorstep, but there are loan modification options out there for you. Because the unemployment rate has skyrocketed at such an alarming rate, the Home Affordable Program has forced lenders to be more reasonable with homeowners like yourself.
The bottom line is that mortgage lenders will look at your debt to income ratio to determine whether they will accept your request for a loan modification. If you are receiving unemployment checks, your lender will be much more willing to negotiate new loan terms with you. But even if you do not receive unemployment, loan modification while unemployed is not an impossibility.
What I advise you is that, Simply Download the 60-Minute Loan Modification Workbook by Mike Rockwood. This workbook has all the details about the loan modification process. Mike will show you in his step by step guide that how to get approved for the loan modification even if you are unemployed. He will guide you that how to write a successful hardship letter that gets approved?
Believe me, It’s Possible if you have all the Information about the process.