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If responsible for the loan- yes.

If responsible for the loan- yes.

If responsible for the loan- yes.

If responsible for the loan- yes.

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12y ago

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Can you do a loan modification if you are not working?

In order to get a loan modification you need to have a job. Lenders will have difficulty agreeing to any kind of reduction in your mortgage if you are unable to make payments.


Who can provide Loan Modification Success?

No one can guarantee that your home loan modification will be a success. It ultimately depends on your Lender as to whether or not they choose to modify your loan. However, if you provide your Lender with all of the documentation that they require, in the manner that they need it, then your chances of a successful loan modification will be greatly enhanced.


How do you get loan modification?

You have to apply to your lender for a loan modification. Some people use attorneys to make application on their behalf, and others choose to go the "do it yourself mortgage modification" route. If you decide to do your own home loan modification, make sure you get your paperwork correct. You need to know precisely what your lender requires, otherwise your application will be rejected. It may be a good idea to buy a loan modification system that can show you, step by step, how to go about the loan modification application.


What is the process for applying for a government loan modification?

To apply for a government loan modification, you typically need to contact your loan servicer, provide financial information and documentation, complete an application form, and wait for a decision from the servicer.


Why does a homeowner need a loan modification?

If a homeowner suffers financial hardship.They should apply for Loan modification from lender to reduce monthly payments on there mortgage as a way to minimize financial hardship.That's it.

Related Questions

Is a closing agent required for a loan modification in New York?

The answer is no. I am a Certified Signing Agent and I am also a Loan Modification Consultant, but that does not mean that I need to be one in order to become a loan modification consultant. Glena


If you been separated from your spouse but did it because of abuse do you need legal documentation for that?

If you been separated from your spouse but did it because of abuse do you need legal documentation for that?


Can you do a loan modification if you are not working?

In order to get a loan modification you need to have a job. Lenders will have difficulty agreeing to any kind of reduction in your mortgage if you are unable to make payments.


Who can provide Loan Modification Success?

No one can guarantee that your home loan modification will be a success. It ultimately depends on your Lender as to whether or not they choose to modify your loan. However, if you provide your Lender with all of the documentation that they require, in the manner that they need it, then your chances of a successful loan modification will be greatly enhanced.


Where do I apply for a home loan modification refinance?

You need to contact your current mortgage lender to apply for this type of refinance. Since it is only a modification of a current loan, they will need to be the ones you go through.


How do you get loan modification?

You have to apply to your lender for a loan modification. Some people use attorneys to make application on their behalf, and others choose to go the "do it yourself mortgage modification" route. If you decide to do your own home loan modification, make sure you get your paperwork correct. You need to know precisely what your lender requires, otherwise your application will be rejected. It may be a good idea to buy a loan modification system that can show you, step by step, how to go about the loan modification application.


What is the process for applying for a government loan modification?

To apply for a government loan modification, you typically need to contact your loan servicer, provide financial information and documentation, complete an application form, and wait for a decision from the servicer.


Why does a homeowner need a loan modification?

If a homeowner suffers financial hardship.They should apply for Loan modification from lender to reduce monthly payments on there mortgage as a way to minimize financial hardship.That's it.


How much you pay for it when you get a loan modification?

If you use an attorney to make application for a loan modification on your behalf, you will pay between $2,000 and $5,000 for the service, and sometimes even more. There are also loan modification companies that can help you, and they too will charge a significant sum. The alternative is that you can do it yourself. You can do your own mortgage modification, and it will cost you nothing. However, you need to know precisely what documentation your Lender needs. If you end up doing your own loanmod, it is always a good idea to use a loan modification guide written by an expert.


How to get ex spouse off car loan?

You need written consent. Shouldn't be too hard to get, since you will be assuming the entire loan yourself. Getting the spouse off the title is a bit more complicated.


Can you drop a spouse from a mortgage without their signature by refinancing?

You can refinance without the spouse but you will need their consent to do so. If the spouse is on the title of the home, the answer is "no". If the spouse is on the existing mortgage the answer is "no". If the spouse is not on title you need to indicate on the loan application that you are married, and if you don't is fraud. At the time of closing she/he would have to be present. Inform you spouse of your actions.


Can you get a loan without your spouse knowing?

Yes. Some banks will need your spouse to agree to it, but most online loans companies will not. Just make sure you don't go for a loan with a ridiculously high interest rate.