Advertisement
Online Test Banks
Score higher
See Online Test Banks
eLearning
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Loan Modification Questions to Ask Your Mortgage Lender

Part of the Loan Modification For Dummies Cheat Sheet

When seeking a loan modification, you first contact your mortgage lender or servicer (who collects and processes your monthly mortgage payments). To increase your chances of modifying your mortgage, ask plenty of questions, including the following:

  • What workout solutions are you currently offering distressed homeowners?

  • What are your loan modification eligibility requirements?

  • How do I obtain a loan modification application package?

  • How long will it take you to process my application?

  • How long does the entire modification process take?

  • When can I expect to hear back from someone?

  • What should I do if I continue to receive late payment notices?

  • Does my applying for a loan modification stop any foreclosure proceedings?

  • Are you participating in President Obama’s Making Home Affordable modification plan?

  • Whom do I call (name or employee ID number and phone number with extension) to get a status update on my modification?

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus
Advertisement
Advertisement

Inside Dummies.com

Dummies.com Sweepstakes

Win an iPad Mini. Enter to win now!