How to Apply For a Suntrust Loan Modification Through Obama's Program

How to Apply For a Suntrust Loan Modification Through Obama’s Program

When you realize that you are behind on your Suntrust Home Mortgage, you are faced with what seems like a insurmountable problem. To get your loan back on course, or reinstated, you must come up with a large sum of money. Late fees, penalties, and back payments can add up quickly. If you are not able to come up with the money you need, don’t despair. You may be able to qualify for a Suntrust Loan Modification, and this would give you a fresh start. You might wonder how to apply.

The first thing you need to realize is that you should not apply at all until you have properly prepared your information. If you apply before you have a clear understanding of the guidelines, you could make any number of errors that would cause your application to be rejected right away. There are small differences in the way you calculate the figures that can make a great deal of difference.

Where do you apply for assistance through the President’s program? Is there a government agency that you need to contact? You will contact the Loss Mitigation Representative at Suntrust to apply for a loan modification whether through this government program or not. You may be able to find out quite a lot of application information on the Internet about Suntrust and the program in general.

5 How to Apply For a Suntrust Loan Modification Through Obamas Program How to Apply For a Suntrust Loan Modification Through Obamas Program

You will need to write a letter detailing the financial hardship that caused your delinquency, and you will need to prepare financial statements, too. One statement will be a current financial statement, and the other will show a projected future budget given the new, modified house payment. This is in addition to the standard application forms that you will be required to fill out, of course.