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loan modifications

Submitted by on Fri, 03/27/2009 - 20:41
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how many times can a person get a loan modification


If you had a previous loan modification which had lowered your interest rate significantly and which allowed you to repay the loan on a long term basis, then it is very difficult to get another loan modification. But if the the last loan modification was for a short duration, say for 4 to 5 years, you can try again.


Submitted by on Mon, 03/30/2009 - 05:37

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If you were given a modification through your lender and it did not work out to be advantageous to your situation or if you re-defaulted, you can absolutely get another one through a 3rd party.


Submitted by robyn on Mon, 04/06/2009 - 14:23

robyn

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