What You Need when Calling Bank

Requesting a HARP Modified Mortgage? You better have your documents all ready to send in!  You must send them all in at one time. If  you trickle your documents in, a little at a time, the big banks & mortgage companies will shred your mail.  This is blog 4 in a series. To find out why, read previous blogs.

Get your act together before calling the bank!

What You Need when Calling Bank

1. Last year’s taxes – you must have filed your 1040
   • Your w’2s and your 1099’s must be attached.
2. Copy of the last 31 to 60 days of income/payment stubs.
3. Copy of all bank accounts for the last two months.
4. Fill out a financial statement showing your income and your expenses.
   •  You can find the form on your bank’s website most likely.
     •  Or just email me and I’ll send you one.
   • Make sure you think of all of your expenses.
   • (Looking at your bank statements will help you remember.)
5.  Fill out the IRS form 4506-T – just Google it.
   • Print it, fill in your name, SSN(s) and your last year’s tax year.
   •  This is to let the bank verify your copy of the 1040 that you are enclosing.
6. If you don’t have a bank, or income, you must attach a page stating this.
   1. include copy of last month’s unemployment
7. Hardship Letter – Write a letter as to why you need a reduced payment
   1. Include reasons which must be one or more of the “4 D’s”
      • Divorce, Death, Disease, Displacement (moved or lost job)
      • Provide dates in letter
      • Attach proof to this very short letter.
   2. Letter must be less than a page.

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