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loan modification

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Icon Mini Profile hemsleysue





Joined: 13 Sep 2009

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Post Posted: Sat Oct 03, 2009 12:43 am    Post subject: loan modification
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Is it necessay to be late to qualify for loan modification?
mena

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Post Posted: Sat Oct 03, 2009 6:48 am    Post subject:
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unfortunately i was due to a reduction in salary however after reading the guidelines you do not have to be late on payments for a loan modification.
Icon Mini Profile adrianlee1971





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Post Posted: Sat Oct 03, 2009 7:33 am    Post subject:
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yes Mena.

many times, mortgage lender understands the situation of borrower & offer a loan modification without his/ her being late
Icon Mini Profile sunnyca2009





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Post Posted: Sat Oct 03, 2009 5:28 pm    Post subject:
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Mena

There is no requirment for anyone to be late for loan modification to be done

If you cna show that you ahve financial difficulties and cannot make payment due to that the bank will probably consider you for loan modfication
Icon Mini Profile leeelliot61





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Post Posted: Sun Oct 04, 2009 1:45 am    Post subject:
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Mena,

you need to give sufficient reason to Mortgage lender.

Apart from that you need to prove that you can continue to pay as per the modified loan plan.
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