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.
