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 240-268-3053 to speak with a load modification specialists 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

Friday, September 10, 2010 Additional Loan Modification Resources Apply for a Loan Modification Required Loan Modification Documents Common Loan Modification Questions Qualifications for a Loan Modification What is a Loan Modification? Application Options We offer a variety of loan application options, including a Quick Application, a Standard Application, and a 5 Step Application. Click here to get started!