In case you don’t know what a loan modification is, it’s viagra you can call into your current lender when you get behind on your house payments and they will work with you in most cases. They can try and help you lower your payments and help you keep your home.

Here are a few things you need before you make the initial call to your loan modification company.

You need to make a financial statement of all of the expenses your family goes through on a monthly basis. Most banks will need this before they look at the case. This includes groceries, phone bills, etc.

The second thing you want to do is prepare a hardship letter, stating why you need a modification.

The last thing you want to do is make sure you put aside at least an hour for the call. Let them know that you have everything prepared to apply for the modification. Also, make sure to have your pay stubs on hand and a bank statement because they will probably ask you to fax it in along with your other documents.

Keep in mind that it could take anywhere from 15-30 days to hear back depending on how close you are to foreclosure.