Ocwen Financial Loan Modification – Get Approval Made Easy

Ocwen Financial is approved by the Treasury Department to offer streamlined loan modification approvals for homeowners who can meet basic eligibility requirements. If you’re having trouble making your mortgage payments, then you don’t have time to waste. Learn about the requirements to qualify for this fast, standardized plan so you can get the help you need and deserve.

Ocwen will be paid a cash incentive for each mortgage modified using the federal plan. This means that the bank is motivated to help as many borrowers as possible avoid foreclosure. All you need to do is make sure you fill out the application paperwork correctly so that you have the best chance of meeting the approval guidelines. It’s simple: once you understand what Ocwen needs to see from you, you can adjust your documentation to fit those guidelines.

The first step to this simplified loan modification plan is to take a short questionnaire. If you can answer yes to these basic questions, then you can move on to submitting your application. You do:

  1. Do you live in the house as your primary residence?
  2. Have a mortgage payment equal to more than 31% of your gross income (be sure to include your property taxes, homeowner’s insurance, and any homeowner’s debt in your calculation)
  3. Are you facing a financial hardship due to lower income and/or higher expenses?
  4. Do you have a loan that was taken out before January 1, 2009 and is less than $729,750?

If you passed those questions, then you are in Step 2 of the Simplified Loan Modification Program. The next step is to complete the paperwork and provide proof of your income. This is where it gets serious, remember that the information you provide to Ocwen will determine whether or not you qualify. That’s why it’s so important to learn how to complete your application correctly so you meet the guidelines and get that quick approval.

Taking a couple of hours to learn about the loan modification process and understand how to make the necessary adjustments to your application can mean the difference between success and failure. The truth is that even a homeowner can be denied because he made a mistake on his forms or didn’t know how to present his situation correctly. More than 150,000 homeowners have already received help in recent months; you can too. Just make sure you learn, prepare, and then apply. It just makes sense: your house is at stake.

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