Most borrowers do not know that a hardship letter is required to process an application for loan modification. Even those who do, often do not understand what the bank needs to see in this letter.
The time and effort it takes to do a proper hardship letter will repay you with a successful loan modification that lets you keep your home. Even if you qualify, the hardship letter is necessary to prove that you do. It is like pleading your case in court. This document is essential to convince your bank that you are indeed suffering financial hardship. Writing this letter with the proper attention to detail proves to the bank that you deserve their serious consideration.
While the proper way to write a hardship letter varies, some elements always apply:
1. Before you even start, gather your financial records for the previous twelve months, just as you would in order to file your annual income tax statement. Put the most important records on top, within easy reach, so that you can refer to them as you write. The hardship letter must be detailed, in order for the bank not to pass over your loan modification request.
2. Make a separate list of your financial difficulties, going back for at least twelve months. Get the right dates written down, if you feel this information will be useful for your bank. Be as clear and efficient as you can, to prevent confusion and save your lender's time.
3. Now calculate just how much you can pay on your monthly mortgage. List your complete household income, then deduct all expenses. If you are not sure about a particular amount, or if it varies widely, then do an average or at least make a guess. This shows your lender that you are a borrower who is conscious of money. In this way, they see that you are worth their effort.
With this, you are off to an excellent start. Next, keep in mind these points as you draft your hardship letter for loan modification:
- Be neither too detailed nor too vague. Yes, an emotional appeal may help, but your bank needs convincing evidence in order to support its granting of your request. Present the facts and show how they have impacted your budget.
- Even if you plan to sell your house, do not disclose this to your lender. The bank must believe that you intend to stick with them over the long haul, in order to go to the trouble of modifying your loan.
- Avoid too many specifics regarding your private life. The bank is not interested in your terrible divorce or your complicated student woes. Only give them the information they need to make a determination, by sticking to the financial facts.
- Be respectful and well-mannered in your hardship letter. Any frustration you may have experienced with your lending institution does not belong in this letter. The point is to get the help you need, as soon as possible.
- Provide any supporting documentation, including recent bank statements and all other official information that shows recent financial hardship.
With these points in mind, you are on the road to negotiating a successful loan modification agreement. Nowadays this help is being extended to more homeowners than ever, once they put in the time to prepare the appropriate information for their lender, and effectively state their case.
Showing posts with label Letter. Show all posts
Showing posts with label Letter. Show all posts
Friday, September 28, 2012
Sunday, June 10, 2012
School Counselor Cover Letter
For those of you looking to find a lucrative and rewarding job as a school counselor, here is an example of a cover letter that will aid you in writing your own. Take a look.
A school counselor is the ear for student's problems in school. These problems could be career-related, personal, or study-related. A student can talk to a school counselor about problems with peer pressure, problems with choosing a career, difficulty studying or catching up with a particular subject, or even problems in the home in some cases. A school counselor not only hears out a student, but also provides the appropriate guidance to her/him so that her/his problem may be resolved. Such a professional may also serve as a mediator between the student and say a professor or a classmate, if there has been a miscommunication that has resulted in a major problem. As such, the prime job of a school counselor is to counsel students and aid their psychological development in a healthy manner. By implementing various techniques that help reduce their stress, school counselors help students grow with lesser pressure that they are prone to in today's day and time.
The job of a school counselor is highly rewarding, and those of you who wish to make a definite career in this field should know how to introduce yourselves to a potential employer. This you can do by writing a good cover letter that will get you an appropriate job. Given here is a sample of a cover letter for a school counselor that will help you write a good one yourself.
How to Write a Cover Letter: for School Counselors
The job of a school counselor is highly sensitive, which is why you should make the most of the cover letter you send to a prospective school, explaining why you would be the best candidate for the position. It is all you have to speak for you till you are granted a personal interview for further discussion. So, here's a sample you can go through to draft your cover letter on similar lines.
Sample Cover Letter for a School Counselor
Your Name
Address Contact Number: 0000-0000 E-Mail Address
________________________________________
Date
Contact Name (Name of Hiring Manager)
Contact Designation
School Name
School Address
School City, State, Zip
Dear Ms./Mr. Last Name,
This letter is in response to the job posting that I have come across on the JKL website for a school counselor with your esteemed school. I understand that you are looking for someone with a good amount of experience working with children, and I can safely say that I may be able to fit the bill in more ways than one.
I have 6 years of work experience in the field and have primarily been working with children in high school. However, my expertise is not limited just to this lot and I can easily cater to the needs of children of any age group in school. My experience began as early as college, when I used to volunteer with school going children in orphanages, and would advice them on the social problems they faced in school. That is when I decided that being a school counselor was the perfect job for me.
Having started at an early age, I find that my expertise does in fact lie in helping students deal with social pressure, and helping them cope with the stress and frustration it brings. I have also been successfully able to help students improve their self-esteem by making them focus on past successes, so that they may be able to garner the strength for future aspirations. I don't think age has any role to play when it comes to warming up to students. So long as they can find a mentor and a guide in someone, they are likely to open up to them.
I believe my aforementioned skills will be an asset to your school, and that I will definitively be able to contribute to the psychological growth and personality development of the children at an individual level, as well as to meet the expectations of the school from students who pass out from it. I assure you that I am a highly dedicated professional who understands the sensitivity of the position as a school counselor. Do feel free to call me on the number mentioned above to arrange an interview and discuss this position at length, at your convenience.
Thank you for your time and consideration.
Sincerely,
Signature
Name
Encl: Resume
Since your resume will talk about your experience in detail, focus your letter on your personality traits and your previous experience with kids. This will boost your prospects for an interview, and is likely to have you land that coveted job. Good luck!
A school counselor is the ear for student's problems in school. These problems could be career-related, personal, or study-related. A student can talk to a school counselor about problems with peer pressure, problems with choosing a career, difficulty studying or catching up with a particular subject, or even problems in the home in some cases. A school counselor not only hears out a student, but also provides the appropriate guidance to her/him so that her/his problem may be resolved. Such a professional may also serve as a mediator between the student and say a professor or a classmate, if there has been a miscommunication that has resulted in a major problem. As such, the prime job of a school counselor is to counsel students and aid their psychological development in a healthy manner. By implementing various techniques that help reduce their stress, school counselors help students grow with lesser pressure that they are prone to in today's day and time.
The job of a school counselor is highly rewarding, and those of you who wish to make a definite career in this field should know how to introduce yourselves to a potential employer. This you can do by writing a good cover letter that will get you an appropriate job. Given here is a sample of a cover letter for a school counselor that will help you write a good one yourself.
How to Write a Cover Letter: for School Counselors
The job of a school counselor is highly sensitive, which is why you should make the most of the cover letter you send to a prospective school, explaining why you would be the best candidate for the position. It is all you have to speak for you till you are granted a personal interview for further discussion. So, here's a sample you can go through to draft your cover letter on similar lines.
Sample Cover Letter for a School Counselor
Your Name
Address Contact Number: 0000-0000 E-Mail Address
________________________________________
Date
Contact Name (Name of Hiring Manager)
Contact Designation
School Name
School Address
School City, State, Zip
Dear Ms./Mr. Last Name,
This letter is in response to the job posting that I have come across on the JKL website for a school counselor with your esteemed school. I understand that you are looking for someone with a good amount of experience working with children, and I can safely say that I may be able to fit the bill in more ways than one.
I have 6 years of work experience in the field and have primarily been working with children in high school. However, my expertise is not limited just to this lot and I can easily cater to the needs of children of any age group in school. My experience began as early as college, when I used to volunteer with school going children in orphanages, and would advice them on the social problems they faced in school. That is when I decided that being a school counselor was the perfect job for me.
Having started at an early age, I find that my expertise does in fact lie in helping students deal with social pressure, and helping them cope with the stress and frustration it brings. I have also been successfully able to help students improve their self-esteem by making them focus on past successes, so that they may be able to garner the strength for future aspirations. I don't think age has any role to play when it comes to warming up to students. So long as they can find a mentor and a guide in someone, they are likely to open up to them.
I believe my aforementioned skills will be an asset to your school, and that I will definitively be able to contribute to the psychological growth and personality development of the children at an individual level, as well as to meet the expectations of the school from students who pass out from it. I assure you that I am a highly dedicated professional who understands the sensitivity of the position as a school counselor. Do feel free to call me on the number mentioned above to arrange an interview and discuss this position at length, at your convenience.
Thank you for your time and consideration.
Sincerely,
Signature
Name
Encl: Resume
Since your resume will talk about your experience in detail, focus your letter on your personality traits and your previous experience with kids. This will boost your prospects for an interview, and is likely to have you land that coveted job. Good luck!
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