Orange Ca, Free Loan Modification Help: Step by Step Guide to processing your own loan modification. Part 1 Loan Modification Help step 1: The first thing you want to do to process your loan modification is figure out your income. Gather pay stubs for everyone who works in the family and contributes to the mortgage. You want to figure out the net (what is brought home after taxes and deductions). There is a trick to this depending on how you get paid. Let's say for instance you bring home $500 every 2 weeks. You may be tempted to put down you make $1000 a month but in actuality you make more because there are 52 weeks in the year. So what you do is figure out your weekly pay which in this example is $250 x by 52 = $13,000 a year / 12 months= $1083.33 monthly income. If you get paid 2...
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