Home affordable modification program, loan modification programs, banking person of America loan modification for qualifying for HAMP home affordable modification program even when a is NOT currently delinquent this formula should be used by the loan provider. The debt coverage ratio of the borrower should be less than 1.20 and this hold lot of importance for qualification. But this procedure is sometimes difficult to work out, as it has been explained in the following steps. Below given is the formula which the lender calculates to check the eligibility for loan modification. Home affordable modification program 2010 offer: Getting approved for a home affordable modification program can give you great benefits. Reduce your monthly payments lower your net interest of Council lower negatively your loan balance to waive accrued interest avail extensions on payments criteria A: for the debt coverage ratio net or deduction income and after tax is calculated which is than negative with the escrow amount which includes homeowners insurance, monthly property tax and homeowner association fees. Other credit obligations like the credit cards; car payments loans etc are so subtracted. Even the living expense liked car insurance, utilities, food and the investment property mortgages and negative rental income is so subtracted. Once the figure is obtained than it to Ford from divided with the figure which is of increased by the calculations below criteria B: now the first mortgage payment which includes principal and interest and excludes taxes or escrow and insurance is taken result: now A divided by B = coverage ratio the debt number which you get is called as debt coverage ratio and this is the perfect calculation which a servicer calculates to check the application for HAMP. Home affordable modification program guidelines are followed so as by the Treasury Department, Fannie Mae and Freddie Mac as of 1/01/2010 if the result of these calculations is less than 1.20 then one can be considered at risk for defaulting on payment. The Bank of America loan modification-says that the person should therefore have less than three monthly total present mortgage payments which include property tax and homeowners’ insurance payments and it should be there in liquid assets. These assets can be from any brokerage or financial institution like savings, mutual funds, money market account, stocks, etc. If a person qualifies for both these test than one can get a ratio which is less than 1.20 and even if the one have less than three months liquid assets then the process of HAMP loan modification program starts. But if the amount exceeds 1.20 then one will be considered on risk of facing financial hardship and would not be eligible for HAMP loan modification programs. Then one can try for the federal loan modification program. It’s very important to know more and more whilst saving your home because that wants to build ones confidence. And only then one can have the mindset to get successful loan modification help.

International exhibition and Congress for renewable energy and energy efficient building & renovation takes the second time met renowned representative of the region in the Economic Chamber Salzburg (WKS) held in Salzburg on last Thursday with the trade fair and Congress organisers REECO Austria GmbH to the trade fair Advisory Board meeting. In addition to representatives of the Office the EuRegio Salzburg – Berchtesgadener land – Traunstein, Germany, as well as the environmental service salzburg were the Salzburg provincial government, the WKS, the energy & climate Association as the representative of the Economic Chamber of Austria, BauGenial and ProHolz Salzburg also the Salzburg Exhibition Centre, present. The trade fair Advisory Board is committed to the goal, to continue the success story of the RENEXPO Austria in the second year. “The region of Salzburg can distinguish as the location of the National Convention and thus an innovative contribution to the national energy strategy in Austria” afford. With targeted public relations and the establishment of networks and partnerships, the trade fair Advisory Board wants to make its active contribution, the RENEXPO Austria in the future as Austria’s trade fair for renewable energy and energy efficient building and renovation to establish. The advanced concept presented at the meeting provides new topics in the areas of hydroelectric power, and green jobs, complementing the previous focus on wood energy and energy-efficient construction and renovation, as well as energy consulting, and acquire more interest groups for the RENEXPO Austria. Also on the agenda were planned new special exhibitions on the themes of fireplace, pellet and stoves as well as forestry and logistics. I had a very positive experience in the RENEXPO 2009 Austria. Combining trade fair and conferences offer the significant added value! “, so Mario Jandrokovic, energy Institute of the economy.” After the successful debut by REECO Austria last year we plan an internationalisation of the RENEXPO Austria this year towards Bavaria, Baden-Wurttemberg, but also Italy, Switzerland and Hungary. The great response to our partners in the trade fair Advisory Board shows us what already has the fair”, as Diana Rohm, Manager of REECO GmbH of Austria. At the premiere of 2009 were 3000 visitors and 400 Conference participants on the RENEXPO Austria, around 100 exhibitors. A corresponding inflow is expected during the three-day fair in November.