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suggestion for loan modification with ASC

Posted on: 08th Apr, 2011 05:23 pm
I am trying 2nd time to apply for loan modification. My husband and I both own small businesses. Please, any suggestion what is the ratio of surplus to our income, or any information that might be helpful for modifying the existing loan.
Welcome Guest,

The lender will check your financial situation before agreeing to a loan modification. He will provide you with a loan modification package so that he is able to judge your situation. If he feels that you'll be able to pay off the mortgage after the modification, then only he will consider your request.
Posted on: 08th Apr, 2011 08:39 pm
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