Apply To Save Your Home With The Federal Loan Modification Program

If you are really struggling with your finances and that mortgage payment is getting you down, then there is something you might want to consider. If you have never heard of the Federal loan modification program, well, here it is. This program is available to those like you who are at risk of losing their home because of extreme financial difficulty. Don't have doubts yet, there is more to come.
This program can not only get you out of some trouble, but can also save you money by taking part. You see, those who apply and are accepted will have their monthly payment reduced to not more than 38% of their gross monthly incomes plus have the interest rate dropped by 2%. That adds up to a pretty sum if you owe hundreds of thousands of dollars on your home. There is even better news. After making three of these payments, $1000 will be taken off of your principle every year that you are with this program. Are you interested?
Here are some rules of the game. Your loan had to be dated prior to January 2009; it has to be on your primary lived-in residence; your principle owing has to match the limited amount that the government has set; and you have to be able to provide documentation of your financial hardship. If you can do these things, then you are already well on your way.
To find out more facts and figures on this program, the United States Federal Government website has all sorts of information available for you. All you have to do is search under 'loan modification program' and then wait for your luck to do it's bit.

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