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About Loan Modification

Do You Qualify?

It may be possible to modify your mortgage contract to capitalize your past-due amounts and perhaps reduce your monthly payment. This could be accomplished by extending the loan term, lowering the interest rate and/or if you qualify, a principal reduction. However, this is a legal change to the terms of the loan and involves obtaining approval from the loan owner or investor.

The following is information needed to determine eligibility for a loan modification:

  1. Hardship letter
  2. Four paystubs, covering a two month period of income
  3. Two months bank statements
  4. Recent W-2
  5. If self-employed, certified profit and loss statement for the previous two quarters and a signed 4506 may be required.
  6. Itemized list of monthly expenses.
  7. Fill out the following financial package.
  8. When finished, mail to the address found on our Contact Us page.

To determine if you are eligible, please gather the information above us and contact us. We will be happy to review your file.

Clearspring Loan Services, Inc. is a debt collector. This is an attempt to collect a debt, and any information obtained will be used for that purpose.
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