Our Process

Step 1. Free telephone consultation to discuss the circumstances leading to Financial Hardship, and which options may be available to the borrower(s), if applicable.



Step 2. FMG and the borrower(s) meet and fill out the required documents with each others input, using the same tactics FMG has had previous success with for your specific lender.



Step 3. FMG will submit all the completed required documents via fax to the proper department, and will then verify receipt of those documents, with the proper authorities.



Step 4. FMG will then do all the follow-up with the assigned specialist, and update the borrower(s) with any pertinent information, in regard to the status of the loan, via email.



Step 5. FMG will review the approved Loan Modification documents with the borrower(s), so there is a clear understanding of the terms within the newly modified agreement.




 

What You'll Need

To apply for help Financial Mechanics Group be prepared to provide:

• Monthly mortgage statement Information about other mortgages on your home, if applicable
• Two most recent pay stubs for all household members contributing toward the mortgage payment Last two years of tax returns
• If self-employed, the most recent quarterly or year-to-date profit and loss statement
• Documentation of income you receive from other sources (alimony, child support, social security, etc.)
• Two most recent bank statements A utility bill showing homeowner name and property address
• Unemployment insurance letter, if applicable Account balances and minimum monthly payments due on all of your credit cards
• Information about your savings and other assets
• It may also be helpful to have: A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.)