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Obama’s Home Affordable Plan has been operational for over a year, now. The Administration is pleased overall with its results, but they have been making some adjustments and improvements. The overall efficiency of the program will be enhanced.

The government has determined that the economy is doing better. The real estate market is showing positive growth signals. Interest rates are low, and people are gaining some equity in their homes, an average of $12,000 over the last 3 quarters of 2009. Home sales are picking up again.

Billions of dollars have been allocated to help homeowners facing financial hardship just like you-don’t get your mortgage payment reduced. Keep in mind whether you’re qualified or not, the loan modification approval process can take some time so do not stop making your payments. Here are some tips to get your loan modification approved fast under the Home Affordable Program. Prepare an effective hardship letter.

One of the qualifications is that the homeowner should be facing financial hardship. If you are not facing hardship you might not qualify. Second, Collect all your documents required for applying before calling the lender. Third, Have your financial worksheet prepared according to the lenders guidelines. This is one of the most critical forms which need to be prepared the right way. Too much surplus or negative surplus income can get your application declined in minutes.

There is help available to homeowners who know how to get the package prepared correctly. Have you thought why some people get denied for home loan modification while others are qualified and approved? The secret to get qualified and approved for Making Home Affordable loan modification program is to know the lenders qualifications and guidelines for approval before you submit your application.

Learn more about Obama Mortgage Relief Plan Qualifications.