Loan Modification NPV Test Calculations | Pass The NPV Test

Did you know that there are actually seven tests that must be run in order to qualify for a Home Affordable Mortgage Modification?

Four of the tests are easy to identify: 

1. Loan originated prior to January 2009 

2. Property is owner-occupied 

3. Loan amount within program guidelines 

4. Qualifying hardship 

5. 31% or greater ratios

6. The imminent default test and test number seven is the net present value test.

Do you know what happens when the home-owner does not pass the imminent default test and has $25000 or more in assets?

7. HAMP / MHA Net Present Value Calculator

Let  Casi Mod or Mi Path discover the answers for you.

Net Present Value Report | NPV Calculator

The net present value is commonly used by the banks to qualify a loan modification. In order to pass the NPV test it is imperative that the person requesting a loan modification understands the current loan modification programs available by the lender. In many cases loan modification requests are failing net present value (NPV) test simply because lack of understanding of the lender programs.  To improve results, it is important meet the guidelines of the NPV test.  Understanding the the Net Present Value and the correct tolerance level can guarantee the odds of getting a loan modification approval.  Learn how to improve your chances of passing the NPV test by visiting www.netpresentvalue.info .