Understanding loan modification definitions and terms is helpful when pursuing loan modification with your lender.   The Loan-to-value (LTV) ratio: A percentage calculated by dividing the first loan amount by the Market Value (Appraised value) of the home. The combined … Continue reading →

For homeowners who want to find out why your application was denied, there can be several reasons this may occur. Whether it’s a Home Affordable Modification Program application or a private one, you need to contact your lender and ask … Continue reading →

If you find yourself in a situation where your mortgage payments and other debts are more than you can cope with, Bankruptcy Chapter 13 information may become of great interest to you, or Chapter 7 information for that matter. In … Continue reading →

If, as a homeowner, you find yourself in the situation where your mortgage is underwater, you know what a disheartening situation it can be. You may be thinking about trying to identify a good principal reduction program. Here are details … Continue reading →

What characterizes a product or service that exemplifies excellence? It has to do with how effectively and thoroughly it addresses the need of the customer, and what kind of support is provided in association with it. The same is true … Continue reading →

Numerous homeowners who have applied for a loan modification have had their application repeatedly denied. In a great number of these cases, the reason for the rejection is that some aspect of their application was not completed in a comprehensive … Continue reading →

As part of your complete loan modification application, your hardship letter is an integral part of the puzzle. You need to be able to demonstrate in no uncertain terms that you are facing financial hardship that is making it impossible … Continue reading →

Probably the quickest way to damage your chances of obtaining a loan modification approval is to provide information that is inaccurate, whether doing so knowingly or not. The financial worksheet for loan modification is one of, if not the most … Continue reading →

If you were to do a survey among the millions of American homeowners who have in the past, or are in the process of applying for a loan modification, you will very quickly discover that the process of obtaining one … Continue reading →

There are those who would swear that if you desire to give your loan modification application the best chance of success, that you owe it to yourself to use the services of a loan modification company. Well, here at Mycaal.com … Continue reading →