CitiMortgage, helpdesks to Citbank has signed agreements with the Treasury Department now allows them to offer very aggressive plan affordable for borrowers of home. The lender was approved to accept applications for homeowners and will be eligible to receive incentive payments for each loan modified under the plan. CitiMortgage and Citibank are bound by agreements signed this mandate to provide federal plan for each owner applying for review. So even if you have already applied or been rejected, you can now apply to be revised for this subsidized federal program.
You got your loan before January 1, 2009?Is your current monthly payment exceeds 31% of your gross monthly income? (Including taxes, insurance and mortgage debt)
If so, then you should contact the lender on the implementation of the Home Affordable Plan. Citibank is now more motivated to help borrowers because they will be paid for every transaction made by the Treasury Department. This federal loan modification program subsidized been expanded to include the second trust deeds also. According training options, the bank will be paid to reduce the interest rate on the second loan at 1%, and also receive funds to pay off the debt if it does, it means that some homeowners may see their second load completely eliminated. Homeowners with second liens and lost a significant amount of equity may be in a good position for this type of loan workout.
President Obama encouraged homeowners to work directly with the bank, but before contact Citibank or send your application, make sure you have the initial information you need to ensure the best chance of success. Take an hour of your time to learn a little more about the process will pay off when you start the loan modification process with Citibank. Your success may depend on it do not take chances.
You know how to complete your loan modification request Citibank correctly? You understand how to meet the requirement of 31% debt ratio? You can get the help you need to apply and qualify for a loan modification to order and download the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read the loan mod kit home edition which will provide you with everything you need to prepare a professional and acceptable loan modification application.
Complete Guide modification loan you step by step in calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to send to your lender. Learn to apply for Affordable Home Obama plan. Start today on how to insure the property, order and download the complete guide to loan modification.