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!
The Oklahoma CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in the state of Oklahoma who are struggling to make their mortgage payments. The program aims to provide eligible borrowers with mortgage relief options, allowing them to modify their existing loan terms in order to make it more affordable and accessible. The Oklahoma CAMP Loan Modification Package is available to homeowners who have loans backed by the Federal Housing Administration (FHA) or the United States Department of Agriculture (USDA). The program offers various solutions to help borrowers retain homeownership and avoid foreclosure. One type of Oklahoma CAMP Loan Modification Package is the interest rate reduction. This option allows eligible borrowers to secure a lower interest rate on their mortgage, resulting in reduced monthly payments and potentially significant savings over the life of the loan. Another type of modification available under the program is the term extension. This allows borrowers to extend the duration of their loan, spreading out the remaining balance over a longer period. By extending the loan term, borrowers can lower their monthly payments and make them more affordable. Furthermore, the Oklahoma CAMP Loan Modification Package may include principal forbearance, which involves temporarily reducing or suspending a portion of the outstanding principal balance. This provides immediate relief by reducing the amount owed and allowing homeowners to catch up with their payments. Additionally, eligible borrowers may also benefit from a principal reduction, which permanently reduces the total loan balance. This modification option may be available for homeowners who owe significantly more than the current value of their property. It is important to note that the exact terms and conditions of the Oklahoma CAMP Loan Modification Package may vary depending on the individual's financial situation, lender, and the specific guidelines set forth by the program. Therefore, borrowers are encouraged to consult with their mortgage service or a housing counselor to determine their eligibility and identify the most suitable modification option for their needs. In conclusion, the Oklahoma CAMP Loan Modification Package offers a range of options to help to struggle homeowners in Oklahoma modify their mortgage terms, reduce monthly payments, and ultimately prevent foreclosure. By taking advantage of this program, eligible borrowers can achieve greater financial stability and retain their homes.
