Loan Modification Software
Loan Modification Software
A loan modification is basically when a person request the lender to make certain changes to the terms of a mortgage loan so payments can become more affordable. These changes can include the following: the rate can be lowered, the home loan repayment term can be extended and the principle balance can be lowered. Home owners might receive a loan modification by considering the following: if a person has a high interest rate, a person has little or no equity, a person is struggling to make payments, a person is in foreclosure and payments in general wants to be lowered.
Loan Modification Software claims to help a person setting up such a request in order to qualify for a loan modification. The software also claims to take into account the Home Affordable Modification Program (HAMP) guidelines and is able to tell a person what needs to be done to qualify for the program. A well prepared loan modification request can make the application process easier and the four step software claims to prepare a professional package designed for fast lender approval.
The software comes with an instructional video as well as an added bonus on how to get principal reductions and how to cancel mortgages. The software is available as a trial version with certain restrictions. There are several options available for the paid versions namely: Standard Version, Professional Version and Enterprise Version. System requirements to operate the software include: Windows Operating System, Microsoft Excel 2002 or newer, Enable Macros, and Medium Security or Lower for Macros. Only one license is available when the software is purchased and an unlock password will be provided as soon as the company receives an email from the purchaser.
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