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Finance

Credit-Yogi Teaches Consumers How To Use HAMP To Avoid Foreclosure

Remember, You're Never Alone With Credit-Yogi.com
Remember, You're Never Alone With Credit-Yogi.com
Credit-Yogi.com realizes that this might be the first time you have ever needed to find an attorney, or you might be a person who has had the same attorney for years, but now needs a lawyer with a different area of expertise. The fact is that most of us do not have the time or the inclination to spend a lot of valuable time interviewing attorneys. Here we provide you with the tools you will need, at no cost or obligation.

 

PR-Inside.com: 2015-10-05 21:07:12
Be Prepared to Utilize HAMP

Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification program known as HAMP. Every mortgage loan that is approved comes with Private Mortgage Insurance (PMI), which means that if someone defaults on it, the lender loses nothing. Credit-yogi.com is here to give folks some tips on encouraging lenders to work out a foreclosure prevention plan with consumers, such as:


• Don’t Visit Original Lender 1st

• Ascertain Eligibility for HAMP

• Get Paperwork in Order

• Now Contact a Lender

No Need for Primary Lender Input 1st

Understand that a person does not have to meet with his original lender to find out if he’s eligible for the affordable mortgage program started by President Obama. Because lenders’ investments are covered by mortgage insurance, they are unlikely to help a consumer learn how to become eligible for the plan. In short, there’s no need to approach the primary lender when one is just starting to look into the program.

Don’t face the dilemma foreclosure alone. Credit-Yogi is ready to help with no cost, no obligation advice. Simply complete this short “request for information” form credit-yogi.com/foreclosure.php and in a very short time you will be contacted by mortgage professional to go over your options. Just click the link to get started.

Find Out Program Eligibility

If a homeowner is facing foreclosure, there are things he can do to stop the process altogether. He can look into whether or not he qualifies for the Obama HAMP. Believe it or not, he can do this on his own; he does not need to visit his lender. By logging onto the HAMP website, he can put in his financial information and await a response, which could take up to 3 weeks to receive. Another option is to utilize a fiscal assistance website such as Credit-yogi.com, which can get a reply regarding one’s qualifying for the program in about 5 days.

Pull the Paperwork Together

It is very important to have all of one’s financial ducks in a row, so to speak. Be sure to find out what, exactly, is required as far as fiscal documents go, as it will make it easier to work with the Obama mortgage modification program. One will need to provide at least 8 weeks’ worth of pay stubs, a provable financial hardship, proof of any money in the bank, and any other monetary assets one has. It’s also a good move to have documentation that the property one is trying to hold onto is not condemned.

Now Contact a Lender

Now it’s time to go see the lender that originally approved the mortgage. Because one is looking into the Obama modification program to modify his existing mortgage (make changes to it), he must deal with that financer. The homeowner must have all of his facts straight, and must be able to hand the lender all of his financial information. The lender cannot then refuse to assist him in accessing HAMP.

About Us:

Credit-yogi.com has been helping individuals get rapid, accurate answers to their financial questions for 15 years. Its goal has always been to provide a secure place for folks to ask, and receive responses to, their inquiries, and it has consistently done for all that time. For a free initial conference, dial 866-964-9644.

Press Information
Oconco Marketing, Inc.
176 Brown Street

Pittsfield, MA 01201

John
PR Manager
413-236-6920
email
www.credit-yogi.com


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