Wednesday 16 December 2009

Loan Modification For Dummies

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help with home loan modification?

I asked...if i am on a home loan modification & only have 1 more month to go will acquiring a part time job mess things up?

Some dummy wrote as an answer about pay day loans info & tip.

that has nothing to do with my situation.

thanks for any help
Hi Tina


NO. Take the Job.

A loan modification is an extension of your mortgage contract. Its a Contract!
The lender is hoping your situation improves.

If what your asking is, I'm working at getting a loan modification? Which requires a hardship!
Then getting a part time job adds income, which improves your situation, and may improve your hardship.
How much your going to earn, would be considered in the loan modification application.

Keep in mind, loan modification information has to be updated every month until the final okay is granted.

Hope that helps,

Joe


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