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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.

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5mo ago

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Related Questions

What are the options for refinancing with only one spouse?

When refinancing with only one spouse, the options include applying for a new loan in the name of the spouse who has sufficient income and credit, or removing the other spouse from the current loan through a process called a loan assumption or a loan modification.


What are some government programs for mortgage modification?

There are various programs the government offers for mortgage modification. A few programs available from the government to modify your mortgage include Obama's loan modification program and HUD.


What is the process for applying for a federal student loan?

The process of applying for a federal studant loans would involve you needing to go to your nearest bank and then talking about and setting up the loan through them.


What is a home loan modification?

Home loan modification is a process by which the terms of a mortgage are changed to reduce the payments for homeowners who are struggling to make ends meet. This usually involves reducing the interest rate or extending the length of the loan. Your mortgage company should be able to walk you through the process.


What is the process of applying for a loan in banks?

The process of applying for a loan in banks consists of several steps. These include: 1. Contact the bank and apply for the loan. 2. Submit the application. 3. Wait for verification. 3. Valuation stage.


Where can I get a goverment loan?

You can get a government loan by applying a loan through a bank. To get a loan, you must have a good credit score and you must have a logical reason to use this loan.


Can you borrow more on an existing loan?

Yes, it is possible to borrow more on an existing loan through a process called loan refinancing or loan modification, depending on the terms of the original loan and the lender's policies.


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


Can I qualify for a loan modification regardless of my Loan Type ?

A loan modification is up to the discretion of the lender. The type of loan doesn't really matter as much as the willingness of the lender to work with you.


Can a mortgagee include late charges on loan modification?

No because a loan modification is set in place to give the client a fresh start. The client should waive all the late fees that he/she had before the loan modification.


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 government office issue grants?

Unfortunatly there is not much you can do to spped this process up other then to call to check on the status. Hiring a lawyer to speed up the process would be a waste of time as there is not much they can do. Prehaps consider applying for a title loan or a loan from a pawn shop if you will be able to pay them back