Forms
The tools found on this page can be saved to your computer and changed as needed. They can be very useful in figuring your finances and your probability of a socessful modification. You require Microsft Excel to view and use these. If you do not have Excel click here to install free Excel Viewer. Click here to download free version of word. If you have questions feel free to contact me at dontroiano@dontroiano.com.
Personal Financial Statement
Step 1: Input gross monthly income
Step 2: figure net monthly income and input
Step 3: input all expenses (if your deficit is too high like more then $150.00 a month you will need to cut your expenses.)
A modification requires the borrower to be postive after the modification. Once you have figured your modified
housing payment input it into this form to see if you will be postive. if you are not you will need to cut expenses.
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personel financial statement.xls Size : 26 Kb Type : xls |
Self Employemt Profit and Loss statement
Step 1: on the header be sure to put in the correct dates the P & L will cover. Banks usually require a 3 month time frame
Step 2 :you can add or delete the cells by right clicking in the number and selecting add or delete as needed. You may
add whatever fits into your business. For instance you may sell products you would need to add a cell for cost
of goods sold.
Step 3:From your bank statements 3 months time frame you need to add up all the income deposits
and put them in total income.
Step 4: input all costs associated with operating your business
Step 5: now you have your gross income for a quarter . .
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Year to date P & L Bus.xls Size : 26 Kb Type : xls |
Landlord Profit and Loss statement
This P & L only covers one quarter. If they require a full year I would sugest sending 4 covering all 4 previous quarters.
Step 1: on the header be sure to put in the correct dates the P & L will cover. Banks usually require a 3 month time frame
Step 2 :you can add or delete the cells by right clicking in the number and selecting add or delete as needed. You may
add whatever you need. I have only included 3 properties here, but you can add or delete as needed.
Step 3:put in gross rents for all properties on the P & L as income.
Step 4: input all costs associated with operating your properties, Mortgages, taxes, insurance, electric etc
Step 5: now you have your gross income or loss for a quarter.
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Rental Year to date P and L.xls Size : 26 Kb Type : xls |
Contribution Letter
You may be receiving income from someone not living in the home or another source. You may need this income to qualify for a modification. You will need to provide a contribution letter and bank statements to prove you are actually receiving this money and that you deposit it. the following letter is a sample contribution letter.
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Contribution Letter1.docx Size : 11.095 Kb Type : docx |
