This package is designed to assist homeowners to obtain a loan modification under the Home Affordable Modification Program (HAMP). Including in this package are the following forms:
1. Request for Loan Modification and Affidavit RMA Under Home Affordable Modification Program HAMP
2. Instructions for Completing Request for Loan Modification and Affidavit RMA Form
3. IRS Form 4506-EZ Short Form Request for Individual Tax Return Transcript
4. Instructions for Completing IRS Form 4506T-EZ
5. How to Request a Home Affordable Modification Guide
Purchase of this package is a savings of nearly 30% compared to purchase of the forms individually!
North Carolina CAMP Loan Modification Package is a program aimed at helping homeowners in North Carolina who are facing financial hardship to modify their mortgage loans and ultimately avoid foreclosure. This initiative is part of the federal government's Home Affordable Modification Program (CAMP). The North Carolina CAMP Loan Modification Package offers homeowners various options to make their mortgage more affordable and sustainable. It typically includes a range of solutions that can be tailored to meet the specific needs of borrowers in North Carolina. Some key features of this package may include: 1. Lowering interest rates: Through CAMP, homeowners may be able to obtain a reduced interest rate on their mortgage loan, making their monthly payments more manageable. 2. Extending loan terms: The program may allow for the extension of the loan term, thereby spreading out the remaining balance over a longer period. This can help reduce the monthly payment amount. 3. Principal reduction: In some cases, CAMP may offer the opportunity for a principal reduction, which reduces the overall amount owed on the mortgage. This can significantly lower monthly payments and make the loan more affordable. 4. Forbearance options: In situations where homeowners are experiencing temporary financial difficulties, the package may provide forbearance options. This allows for a temporary pause or reduction in mortgage payments, providing temporary relief until the homeowner can afford their regular payments again. 5. Streamlining the application process: The North Carolina CAMP Loan Modification Package aims to simplify the application process and ensure efficient communication between homeowners and mortgage services. This makes it easier for homeowners to submit their documentation and receive timely responses. It is important to note that while the North Carolina CAMP Loan Modification Package provides various options to homeowners, the specific terms and eligibility requirements may vary. Additionally, homeowners should reach out to their mortgage service or a housing counselor to understand whether they qualify for CAMP and what specific options are available to them. Overall, the North Carolina CAMP Loan Modification Package is designed to provide homeowners in North Carolina with an opportunity to modify their mortgage loans, offering them a chance to regain financial stability and avoid foreclosure.
