| You've heard about President's Obama's "Making | | | | modification and how you expect the terms to |
| Home Affordable" stimulus program and this is | | | | turn out. Believe me, you will have a more |
| something you know will help you get through | | | | effective negotiation with the bank if you know |
| your mortgage obligations. You want to apply for | | | | your facts right. |
| a HSBC loan modification but don't know where | | | | Next, gather all pertinent documents for your |
| to start. Well, you can start right here by reading | | | | application, and this includes financial statements, |
| this article. | | | | proof of income and hardship letter. Show the |
| HSBC is an approved lender under President | | | | bank that it was an uncontrollable circumstance |
| Obama's "Making Home Affordable" program. As a | | | | that led you to a financial hardship making it |
| lender, HSBC gets a $1000 incentive for | | | | difficult to meet your mortgage fees. It can be a |
| participating. HSBC loan modification can help | | | | job loss, health reason, business downfall, etc. At |
| millions of homeowners with their mortgages. | | | | the same time, present through documents that |
| So how can you avail of this loan modification | | | | you can indeed pay the modified loan. |
| program? Start by contacting HSBC's loss | | | | You can only apply once for an HSBC loan |
| mitigations department. However, it is best to | | | | modification, so prepare your application carefully. |
| know some information beforehand so you can | | | | You want everything in order so as not to get |
| ask good questions and present your case clearly | | | | disqualified or rejected. |
| to the bank as to why you need a loan | | | | |