Freddie Mac: Loan Modification Information Video

Today, Freddie Mac released a new video aimed to help people who are in trouble with their mortgage and wondering about a loan modification titled “Stop Foreclosure: Documents Your Lender Needs To Help You“. Many people right here in Illinois are searching for more information about loan modifications and this video is helpful to learn what is needed. Most lenders are overwhelmed with people requesting loan modifications and this video will do an excellent job of letting people what their lender will require.

Illinois Loan Modification: You Will Need These Documents

• Your most recent mortgage statement
• Second loan or home equity line of credit statements
• Account balances and minimum monthly payments on credit cards, car loans, student loans or other debt
• Copies of your most recent tax returns
• A copy of your most recent paystubs that show your net take home pay

Illinois Loan Modification: Hardship Letter

If you are wondering if you really need to write a hardship letter — don’t wonder. A well written hardship letter is a vital part of the loan modification process.

The Illinois Mortgage Rates site has officially launched! We will work hard to bring you the latest Illinois mortgage related information such as information about:

• Mortgage rates
• Lenders
• Loan officers
• FHA mortgage loans
• VA mortgage loans
• HomePath mortgages
• Reverse mortgages
• Government regulation
• Illinois mortgage news

and much, much more.

Please contact us directly with any questions that you may have about mortgages and we will work hard to provide the right answers!