Obama Federal Loan Modification Plan Guidelines For Approval

Homeowners facing delinquent mortgage payments or at risk of becoming delinquent, may be eligible for part of the $75 billion stimulus plan that President Obama has implemented to provide affordable home loans.  The program is called Home Affordable Modification and will seek to modify loans for homeowners who can meet certain approval guidelines.  If you need help to afford your mortgage, learn just what is required to apply and qualify for this aggressive plan.

The first step for an interested homeowner is to find out if you meet the basic criteria so that your application will be accepted.  Can you answer yes to:

  1. Live in the home as your primary residence?
  2. Loan originated prior to January 1, 2009?
  3. Loan amount less than $729,750 for 1 unit properties
  4. Current payment equals more than 31% of monthly gross income? (including property taxes, homeowners insurance and any homeowner dues)
  5. Facing a financial hardship situation?

Once you pass this initial questionnaire, you will be asked to provide information about your income, expenses and assets.  The process involves completing a simple financial statement that details your income and your monthly bills.  You will be asked to provide:

  • Proof of your income-paystubs, tax returns, award letters, rental agreements, etc.
  • 2 months bank statements
  • Hardship letter explaining your financial -Affidavit of Hardship
  • Financial statement detailing your income and expenses

Of all this paperwork, the most critical is your financial statement.  This is really a snapshot that shows the lender if you are a good candidate for the Obama Federal Loan Modification plan.  What is the bank looking for?  Basically, they need to verify that you fit within the program guidelines and will be able to afford and maintain the new modified payment.  The secret to get approved is to know how to prepare your financial statement, make any necessary adjustments to your budget to qualify and know how to compute your debt ratio to meet the 31% target payment.

You don’t want to miss out on this federally subsidized program because you did not understand how to prepare you application.  Take the time to learn the basics and your chances for approval will increase greatly.  Over 250,000 homeowners have already worked with their lenders to get a Home Affordable Modification.  If they did it, so can you!

Financial Planning – Think Financial Education As Your Key to Achieving Wealth

The best way to improve your financial literacy is to learn as much as you can about money and how it works and this is why thinking financial education is paramount to you achieving wealth.

It is at the heart of what you would like to achieve – “the ability to understand and make informed and effective decisions about the use and management of your money.”

And you biggest challenge is that while you are expected to make informed and effective decisions about the use and management of your money. No one has taught you exactly how to do it. As the education you need to effectively manage your money is not available at any of the various level of schooling you have received. And it is not even modeled by those around you.

Therefore, if you are going to be achieve the level of financial literacy required it is your responsibility – No one is going to do it for you.

But the problem is even more fundamental. What is money any way? Really, do you even know what Money is?

Yes you know that it spends and that you work extremely hard and long for it. But really what is Money? Where did it come from? And how does it work?

Well, money is the universally accepted currency that allows you to quickly exchange expertise, real estate, commodities, and other goods and services. And originally money took the form of rare and special items that were limited in supply to ensure its value. With the ultimate form being GOLD.

Gold was great as money because it was rare, easy to carry around did not corrode and could be used for all kind of other valuable things besides money such as jewelry or other artifacts.

Money was worth something – It was Valuable!

However, today money has been so modernized that it has lost its value and is really nothing more than paper.

And this coupled with an overly complicated monetary system of credit, interest rates, monthly payments, taxes and fees have resulted in so much confusion that you are unable to make informed and effective decisions that lead to long-term financial success and security.

Resulting in you not being able to build wealth. All because of a few key errors that you make with your money on a consistent basis. Common errors that are caused by your inability to calculate the long-term effect of the financial decisions that you are making each and every day. Decision that are reflective of your financial literacy.

And if you do not learn how to avoid and over come these errors you will continue making them. And you will continue to have less money and less control of your life and less of a feeling of security and safety for yourself and others.

The good news is that you can take control of your life instead of allowing money to control you by simply focusing on gaining the financial education that you need. It is All up to You.

You would have noticed that so far we have talk very little about specific financial instruments and I am sure you may have wonder why?

Well, the answer is simply – achieving financial security is all about you. And your commitment to change your own thoughts, emotions and behaviors with your money. You have got to decide that you will no longer be normal and that you are going to be Different!

And to be different you have got to get a financial education. That will allow you to do three simple things:

  1. Learn how money and wealth works.
  2. Learn how to change your thoughts, emotions and behaviors with money.
  3. Retrain yourself to make decisions and take actions that go against what you would normally do with your money.

Then and only then will you begin to change create wealth and change your financial future. But if you do not educate yourself to do these things then you are going to continue to get the results you have always gotten.

Increase Your Odds of Choosing a Winner

When looking for a good place to play poker online consider:1. Legality: Some places in the world, do not allow their citizens to legally play poker or only give them the option of playing with fake money. While the governments of such countries are more apt to go after casino owners than individual players, you should still determine whether or not, it is legal to gamble in your particular state, province or country. If this information is not listed on the site, be sure to contact an account executive. Many of the best internet poker sites have around the clock customer service.2. Reputation: Only play at websites that have a good reputation. If you hear a lot of grumbling about slow or none-existent payouts, cheating, or poor customer service, don’t waste your time or money at these types of sites.3. Safety Features: Collusion and other methods of cheating occur at online gambling sites. Only become members at sites that take this seriously and have measures in place to out and discourage it. Read up about their fraud busting policies. Good sites will take a look at the hand histories of all players as well as their IP addresses to cut down on collusion.4. Whether or Not the Site is Encrypted: You will want to make sure that the internet poker site that you are considering is encrypted. This will make it more difficult for people to get your credit card and account information as well as hijack your communication between the staff and other players.5. Payout Options: The best online poker sites will have multiple ways to pay you including debit cards. Ask about these options before you join.6. Bonuses: Some gaming sites give out really good bonuses. You can practically play for free or for very cheaply. Therefore, compare the available bonuses and take advantage of the best ones.Internet poker is a great way to play the game, especially if you are either adverse to going to actual casinos or don’t have the time. However, it is important that you choose the right one. Make sure that it has an excellent reputation, various payout options, uses encryption technology, offers bonuses and allows you to play legally in your state, province or country.

Online Bookmakers – Are They All the Same?

The rise of online gambling has ensured that punters have more accessible bookmakers than ever before. A quick count reveals over a hundred bookmakers a UK customer can potentially bet with. But are they all the same?In any market with so many competitors each will employ different methods to differentiate themselves within the market. Betting is no different in this respect and although on the surface a bet is a bet, the way companies entice you to bet with them can be broken down into 5 basic areas.1. Free Bets for New customers- This is the most common tool and it usually involves the bookmaker matching the customers 1st bet with a free bet of the same value up to an advertised amount. Free bet offers can be lucrative, but you need to get in quickly- the amounts are starting to be reduced by many bookmakers.2. Best Prices- All bookmakers set their own prices for each event and obviously some set better prices than others for the same event. Betting with these bookmakers can leave you quid’s in if your selection wins.3. Free to enter competitions- Some bookmakers provide free competitions provided you register your details for the competition. These can be lucrative; one example of this is Skybet offer a top prize of £100,000 in their free to enter Super6 competition.4. Existing customer offers- Some bookies have offers open to everyone where they will refund your losing bet if a set event happens i.e. Wayne Rooney scores the last goal in the match. It’s worth knowing about these type of offers as they give you a chance to get your money back as a free bet if your bet loses.5. Promotions in existing shop or on TV- Most high-street bookmakers also have online betting and they like their customers to register online so they can continue betting when the shop is closed. Many bookmakers now also have TV adverts, but there is never any info on what they do better than anyone else. They hope you will just be loyal to their brand and brand loyalty doesn’t pay in betting.In conclusion there are 5 main ways online betting companies entice customers to bet with them. If you a new customer the free bet is definitely a factor worth considering, but make sure you check they are reputable before you sign up. It is also worth comparing prices for your bet so you can get the best odds and make more money. Look out for any bonus offers bookmakers have for current customers once you have joined, it’s wise to take any advantage you can. Also look out for free competitions they provide and you can win money for nothing.

Free Online Paid Surveys – Cash For Anyone

What if I told you there was an easy way for almost anyone to make money on the Internet. We’re talking about something so painfully simple that even your dimwitted uncle Franklin could sit down at the PC and walk away wealthier?You might not believe it, but that opportunity does exist. All you need to do is to participate in free online paid surveys. Cash is readily available to anyone with an opinion to share and a little bit of time on his or her hands.The simplicity of the paid survey industry makes it remarkably attractive. There’s no real learning curve. You don’t need specialized computer training or marketing skills. All you really need is the ability to hunt and peck on a keyboard and a willingness to share your opinions.Major corporations and businesses rely on good market research to stay profitable. They need to keep their fingers on the pulse of the public in order to roll out successful products and services. They don’t want to gamble too much on new products and plans. They prefer to get a good idea of how people feel about their ideas before they “green light” their strategies.That thirst for good market research information makes your opinions uniquely valuable. These businesses really do want to know what you think–and they’re prepared to pay for that information. That’s why the Internet is crawling with hordes of market research firms who are desperately seeking survey participants.If you want to make money online, just complete free online paid surveys. Cash payments, compensation in the form of free products and prizes are out there waiting for you.All you need to cash in on this great opportunity is your opinion and the ability to find the surveys that really pay. You can learn how to dig those up on your own and how to assess their viability and legitimacy. If you’re interested in making it even simpler (and more profitable) you can plunk down a few bucks with an established paid survey site. These sites will supply you with a list of top-notch leads, giving you great access to paying survey opportunities.Businesses want your opinions. The money to pay for them has already been set aside. The only thing missing is you. There’s no better time to start making extra money than now and paid surveys are a great way of getting the job done.