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Ask Your Mortgage Loan Modification Questions And Get Answers


by Loan Modification Expert - Dan North

Do you have questions about Mortgage Loan Modification? Get answers for what you want to know about modifying loans. Just ask.


  • Not getting anywhere with your lender on a mortgage modification of your loan?

  • Need some help or advice modifying your upside down mortgage?

  • Not sure if your lender is offering you a good loan restructuring?

  • Want mortgage renegotiation but not sure where to start?

  • Don't know what to do next?

  • Have questions about the mortgage modification process?

  • Not sure what modification you should ask your lender for?

  • Did your lender say you did not qualify for mortgage assistance?

  • Did you ask your lender to modify your loan but your payments were increased instead?

  • Are you spending more than you make but your lender will not restructure your loan?

  • Is your lender taking forever on your loan modification request?


Get individual answers for your specific situation. Find out for yourself what you can do about your circumstances. Get help help with mortgage renegotiation. Its your home. Take action, you owe it to yourself and your family.


There is HOPE for Homeowners.


Something Can Be Done About It!


See questions contributed by previous visitors


Have A Loan Modificatin Question?

Get Answers!

Get Answers to your Loan Modification Questions
regarding your specific situation here.

Go ahead just ask!


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What Other Visitors Have Asked

Click below to see questions from other visitors to this page...

Chase Loan Modification Denial - No Official Notification of Repayment Plan  starstarstarstarstar
After not recalculating my loan for two years in a row and with horribly high insurance premiums thanks to Katrina, my payment jumped from $850 per month ...

Will I Have To Use My 401k
To Pay Mortgage?
  starstarstarstarstar
I am in the process of a traditional mod. I am waiting for an answer.

Will they make me pay back the 21k from my 401k?


Mortgage Loan Modification ...

Can Chase Still Foreclose While In A Trial Modification?  starstarstarstarstar
OR Can Chase Foreclose Instead Of Modifying My Loan?

If a trial loan modification is not approved as permanent at the end of the trial modification ...

When Should I Stop Trying To Modify My Loan With Wells Fargo?  starstarstarstarstar
I have been in two trial loan modification periods so far trying to get a mortgage modification from Wells Fargo.

Mad medical problems from me and my ...

Confused By Chase Bank 1st
and 2nd Loan Modification
  starstarstarstarstar
I have a first and second mortgage with Chase. About 2 yrs ago I tried working with them to modify since I was running out of places to borrow money ...

Where To Go From Here With
PNC / National City
  starstarstarstarstar
I had previously asked "Why a 14% reduced payment with a 40% reduction in income" with PNC / National City .

Thanks for your answer and comments.

PNC ...

Chase Loan Modification Agreement Increases My Payment By $1300  starstarstar
I am confused and angry. My wife and I entered A chase Loan Modification Program in August 2009. We had never been late with a mortgage payment but due ...

Modify And Sell Simultaneously  Not rated yet
Can I list my home for sale after applying for a loan modification?

Mortgage Loan Modification Answer: by Loan Modification Expert - Dan North Yes ...

Profit And Loss Statement For
HAMP Modification
  Not rated yet
I am self employed. I sent a quarterly (4th qtr 2009) Profit & Loss Statement to my mortgage company for a HAMP Modification. Because I subtract what I ...

Second Mortgage Charged Off By Chase  Not rated yet
Chase did a charged off on my second Mortgage. What comes next?

Mortgage Loan Modification Answer: by Loan Modification Expert - Dan North The first ...

Special Loan Modifications For Disabled On Fixed Income?  Not rated yet
Are there special loan modification programs for Seniors on fixed income? Anything for the disabled?

I do not qualify for a loan modification from ...

Trial Loan Modification For 11 Months And Repayment Plan  Not rated yet
We have been in a trial modification for over than 9 months. Yesterday I received a letter from Chase with a repayment plan which is not help.

I have ...

Debt To Income Ratio And Loan Modification  Not rated yet
How will my debt to income ratio affect a loan modification? Do percentages appy when doing a loan modification? How low should I expect the mortgage company ...

Can I Rent My House Before My Loan Modification Is Completed?  Not rated yet
I just made the 5th payment on my home loan modification and I'm still waiting to hear if I've been approved or not.

In the meantime, I've been offered ...

IndyMac Modified Loan On 1st Mortgage But Not 2nd?  Not rated yet
Indy Mac modified my 1st mortgage interest rate to 2% for five years, late last year. I recently received a letter from Indy Mac regarding my 2nd mortgage....

Loan Modificatoin, Bankruptcy and Divorce  Not rated yet
Husband and wife are both on the mortgage and the Deed. They are separating and wife has filed Chapter7 and surrendered the property. Can husband do a ...

Loan Restructure And Adding Names To The Mortgage  Not rated yet
If i need to add my wife's name on a loan modification for extra income does her name get add to the mortgage loan.

(See Vladimir's earlier question ...

Loan Restructure And Adding To Household Income To Qualify For
Loan Modification
  Not rated yet
If I need to add my wife's income to qualify for a loan modification does her name get add to the mortgage loan contract as part of the loan modification ...

Bank Of America Trial Loan Modification Offered But Payments Increased  Not rated yet
The terms seem to be from Bank of America loan modification program that all monies in arrears were just added to the unpaid principal balance and my ...

Can I Modify Mortgages On A Primary Residence And 3 Rentals All With PNC?  Not rated yet
My primary residence is worth 700k with a 290k note, 30 yr fixed , and 3 rental properties with negative cash flow, 30 year fixed notes, all 1st mortgages ...

Should I Stop Paying My BOA Mortgage If Turned Down By Bank Of America for Loan Modification?  Not rated yet
Recently (4/13/2010), I sent in a reply to a letter sent by BOA in Dec 2009, regarding home loan help. In the letter, I explained I would be losing my ...

Length Of Loan Modification Term  Not rated yet
What is the length of term Lenders are required to give you in regards to length of repayment?

Mortgage Loan Modification Answer: by Loan Modification ...

Indymac Bank Wants A Profit And Loss Statement More Recent Than Last Month  Not rated yet
IndyMac Bank keeps faxing me stating that my P&L statement is not recent enough but it was for Jan - March of 2010?

Please help

Aloha, Lotus Golden
...

Received My Making Home Affordable Modification Agreement From Chase Bank  Not rated yet
In the Loan Modification Agreement contract it states that Chase Bank has nominated a private company to monitor and collect my personal information ...

Is Chase Just Wasting My Time? PART 3  Not rated yet
Thank you for your responses so far. You said to include the name, email and phone number of the Chase Loss Mitigation Officer assigned to my case.

All ...

Citi Bank Said I Qualify For Loan Modification, Can I Ask For Reduced Interest Rate?  Not rated yet
Citi Bank has the mortgage on my home. The value of the property is about $400,000 and the balance is about $216,000.

I missed the last payment only ...

Is Chase Just Wasting My Time?
Or Can I Modify My Loan? PART 2
  Not rated yet
I realize I did not provide enough information to help you help me.

The loan is held by Fannie Mae. I don't think it's an FHA or VA loan since I don'...

Re-hired By Employer During Trial Loan Modification With Chase. How Will This Affect The Trial Offer?  Not rated yet
Chase offered a Trial Modification Plan near the end of Nov 2010, after my husband had been out of work for nearly two months.

At the end of Dec 2010,...

Is Chase Just Wasting My Time?
Or Can I Modify My Loan?
  Not rated yet
I originally sent all requested information to Chase in October 2009. After 5 months of resending paycheck stubs, bank information and re-signing the request ...

Can You Modify Loan On A Mobile Home Under HAMP?  Not rated yet
Does a mobile home qualify for the Obama loan modification program?

Mortgage Loan Modification Answer: by Loan Modification Expert - Dan North
If ...

Chase Home Finance Trial Loan Modification Never Ends - Will They Ever Approve a Permanent Loan Modification?  Not rated yet
I entered into a 3 Month trial loan modification 06/2009 with Chase Home Finance. I also submitted all the requested documentation and received verification ...

How Can We Find Out If We Are Elligible To Lower Our Monthly Mortgage Payment  Not rated yet
I appreciated reading some of your articles, very informative and easy for the non-banking person to understand, thank you.

Could you please email me ...

Can I Rent My Home Out After A Making Home Affordable Loan Modification  Not rated yet
I have been approved for a making home affordable loan modification.

I may have to relocate in a few months for business purposes.

If I decide ...

I Requested Loan Modification But Chase Increased My Monthly Payment  Not rated yet
I have been in touch with Chase for the last seven months.

Chase has offered a trial period payment for three months however the trial period payment ...

Is This A Government Loan Modification Or An Alternative Loan Modification From Our Lender?  Not rated yet
Our lender told us we qualified for a Government Loan Modification. They lowered our loan 70,000 dollars, but we had to agree to pay 2300.00 a month for ...

Calculation of Gross Income
If Self Employed
  Not rated yet
We were offered a Permanent Loan Modification, however the monthly payment is 40% higher than the trial payment with no explanation.

I have feed back ...

Can I Lower My Modified Loan Payment By Getting Cheaper Insurance And Lowering My Property Tax  Not rated yet
If I find homeowners insurance that costs less than my current insurance company, will the modified amount that I pay go down or will it remain the same?...

Payments and Grace Periods
After Loan Modification
  Not rated yet
After your loan modification is approved and you have been sent back the signed Mortgage Loan Modification Agreement, what happens to the grace period?...

Home Loan Modification - Tax Return Question  Not rated yet
I am entering into a 90 trial period and completing the packet of paperwork the bank sent.

Here is my question:
I am on the loan solely, my husband ...

Starting A Trial Loan Modification With Chase Bank On An Upside Down Mortgage  Not rated yet
I just filled out the paper work for a loan modification with Chase Bank. I am also now on a 90 day trial period with a lower monthly mortgage payment....

Extending The Length Of
My Home Mortgage Loan
  Not rated yet
In a nutshell my husband became disabled with Multiple Sclerosis and we were all of a sudden down to just my income.

We fell behind in our mortgage ...

Simple Mortgage Modification Arithmetic  Not rated yet
Why would PNC / National City Mortgage offer only a 14% reduced payment (3 month trial) when I have a 40% reduction in income?

Mortgage Loan Modification ...

Refinancing After A loan Modification  Not rated yet
If I do a loan modification, can I refinance later on or will it be a problem.


Mortgage Loan Modification Answer:
To Refinance or Modify Loan by ...

Trial Loan Modification Period
What An Owner Cannot Do
  Not rated yet
What if a homeowner buys another property before going into a 3 month loan modification on another property? What is the chances of being approved for ...

What if I need to move?  Not rated yet
I am currently seeking to modify my mortgage due to loss of income. I also discovered that I may be up for a promotion that would require me to leave the ...

Upside Down Mortgage Need Help  Not rated yet
I am upside down on my home mortgage...still making payments and current. But I was interested in some relief as we have a new baby and money is tight....



Return to top of Ask Your Own Mortgage Modification Questions



The Mortgage Modification Blog
The Mortgage Loan Modification Blog - Find out what's new on the site, stay up to date with the latest developments in Residential and Commercial Modifications as well as Government Mortgage Assistance.

Get Pre-Qualified For A FasTrac Hardship Modification
Pre-Qualify for hardship modification even if you do not qualify for the Government Making Home Affordable Modification Program. You may qualify for FasTrac Hardship Modification.

Mortgage Modification Myths Exposed
There are many Modification myths floating around. Get the facts. More homeowners qualify than lenders are letting on. Are you one of them?

What Is Mortgage Modification?
Find out what Mortgage Modification is, what it can do, how it can benefit you, what happens when it does not and what to do, plus how to modify a loan from a position of power. There is Hope for Homeowners. Something can be done about it!

How Does Mortgage Modification Work? Part 1
Modifying a mortgage is simple, but you need to understand what it is and how it works so you are in better control of the outcome. How do you know if your lender is pulling the wool over your eyes?

Don't miss the conclusion in Part 2
In Part 2 we go into examples of how a loan is modified, covering what your lender looks at before modifying your mortgage as well as what your lender requires to modify a loan.

DIY Modification Kit
Are you looking for a DIY Modification Kit that will walk you through the entire process of modifying you loan? Then read on.

What Is Loss Mitigation?
Get answers to Loss Mitigation questions - what is loss mitigation, what is the loan loss mitigation process and how you can benefit from the process.

Find out if you qualify for HOPE For Homeowners, Government Mortgage Assistance or a modification from your lender Find out if you qualify for the Making Home Affordable Programs. Whether just curious if you are eligible for Government Mortgage Assistance or you need government help to stop foreclosure right now, complete the form to see what mortgage loan modification you qualify for.

HOPE For Homeowners H4H - Short Refinance
This Government help to stop foreclosure is a short refinance that includes principal reduction and a new option that makes a short refinance more attractive to lenders/investors

Mortgage Foreclosure Questions and Fighting Back Effectively
Help for the homeowner who is fighting to save their home from the mortgage foreclosure process. There is HOPE for homeowners. Something can be done about it!

Modification Answers Site Map
Looking for something in particular you can not find? Visit Loan Modification Answers Site Map for a list of all articles and visitor questions and answers.

Modification Expert and Consultant Contact Page
I always enjoy helping people. You are welcome to send me any questions, concerns or comments about your own Mortgage Loan Modification. You can even contact me if you just want some help.

Legal Notices
Mortgage-Modification-Answers.com Legal Notices on Privacy Policy and Disclaimer

Modification Answers Home Page
Get real answers to the real questions on mortgage loan modification, government mortgage assistance, government help to stop foreclosure and other loan modification and foreclosure questions. Do I qualify for a loan modification? Can I save my home?



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