Are you a homeowner in California who is struggling on getting loan modification help and wondering why you can not qualify? Find out why today with our NPV test help and let us show you how the net present value test can help you get through to your lender or investor on why a modification will benefit them along with you long term rather then foreclosing on you and going through that process.
Below is how the net present value test works to your benefit while providing the proper analysis to your lender on how a modification will help your situation and save them money at the same time.
WHY YOU NEED TO SUBMIT TO YOUR LENDER….
The NET PRESENT VALUE TEST allows homeowners to know with certainty, whether they qualify for several types of loan modifications such as the Home Affordable Modification Program (HAMP), other types of commonly issued loan modifications terms acceptable for their unique loan.
It also let’s homeowners know what the terms of the modification would be, BEFORE they apply, AFTER they have applied, or if they have been DENIED, so they can update their modification application if they are waiting for a decision, or appeal the denial of a modification with concrete reasons how they should be modified.It’s not necessary for the modification process to be costly, stressful and/or time consuming process if you have the knowledge of the NPV from us. Our analysis is conducted using the US Treasury developed “NPV” (net present value) analytic for HAMP, and is built on the same software platform used by the nation’s largest lenders and banks to determine your mathematical qualification for modification.
POINT OF THE NET PRESENT VALUE TEST
Mortgage lenders are companies that are hired by investors to “service” mortgages they own. The lenders all work under a contract called a “Pooling and Servicing Agreement,” or PSA. And all PSAs require lenders to make decisions related to the loans they are servicing in the best interests of the investors for whom they work.So, when you submit a NPV to your lender/servicer, they don’t just receive information about you, they also receive an analysis of the financial impact to investors of the alternatives to foreclosure compared with the cost of foreclosing on your property.
Find out now if you do in fact qualify for a loan modification while providing valid proof to your lender on how qualifying you for a loan modification will benefit them as well.
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