Yorba Linda, CA, May 02, 2011 --(PR.com
)-- New powerful tool to help save home from foreclosure was recently launched and introduced to homeowners who are in the process of obtaining a successful loan modification and other debt related issues to equip themselves before they present their applications to the lender.
The new tool, called REST report, evaluates borrower as to whether they pass or do not pass the Net Present Value (NPV) Test before they have gone through the long uncertain process of applying for help. Major banks and loan service providers uses the same software as REST report to find out if homeowners can avail to government's assistance plan on foreclosure prevention. The REST report software was developed and patterned with the U.S. Treasury's guidelines in determining loan modification approval or rejection by lenders.
Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. Unnecessary foreclosures is attributed to the use of secretive NPV results in increasing regularity by lenders.
Your REST Report will show the (NPV) Net Present Value of various Government Loan Modification Programs, along with interest rates, monthly payments, and loan terms. The REST loan disposition and analysis system runs proprietary algorithms, NPV analytics, and accesses numerous property valuation databases.
"Variety of modification and foreclosure scenarios from the REST Report assessment of workout options and represent financial outcomes can now be used by the homeowners. Prior to the availability of REST Reports, lenders held all the cards in the negotiation of mortgage terms. With as much information from lenders, homeowners can now participate in the loan modification process giving them a better chance at a positive outcome,” the consumer debt advocate, Todd Alexander of Rest report said.
“We are now empowering our homeowners take control of their mortgage issues. The knowledge that we provide regarding the future of their home loan are important so they can take action before they lose their precious home. They can take action before it’s too late,” Alexander further explained.
The REST Report runs the most up to date NPV analytics as required by the United States Department of Treasury, and it is built on the same platform lender uses to determine homeowner’s eligibility. The value of a dollar today is compared to the value of that same dollar in the future, taking into consideration the inflation and returns.
Loan modification is a complicated financial analysis for the lender and loan service provider. It is not just a simple loan adjustment with makes the payment affordable as what most borrowers understand. This is what Alexander shared. All loan modification must pass many variables in order to be approved by the lender and qualify for government incentives. It is complicated and convoluted but the REST Report helps you get your answers.
You can visit http://restreport.com or call 1-888-543-4340 for free consultation or at facebook.com/RESTreport and twitter.com/#!/RESTreports to know more of what REST report can offer.