General Qualifications for a Loan Modification

The qualifications for loan modification vary based on each homeowner's unique situation. The list provided below is an attempt to identify commonalities between most people who qualify. After reviewing this list please call us at 877-228-4181 to speak with a loan modification specialist who can evaluate your situation. The following are general stipulations that might qualify you for a loan modification You have a variable rate loan and negative amortization You have a fixed rate loan with a very high interest rate Your loan requires a penalty for prepayments Personal or Economic hardship such as death of a spouse, loss of employment, injury, accident, illness or divorce You are behind payments and unable to become current Lending violations in your original mortgage Owe more than your house is worth                                                    Questions?   Call us or email us: 1 (877) 228-4181 or   1 (734) 425-4520 ext. 41  jyun@colonial-mortgage-corp.com

Monday, September 06, 2010 Additional Loan Modification Resources Required Loan Modification Documents Common Loan Modification Questions Qualifications for a Loan Modification What is a Loan Modification?