Does anyone knew how could I qualify for a loan modification and what are the requirements needed?
The loan modification is only for mortgage loans, not student loans (just wanted to clarify since you’re asking in the financial aid section). A loan modification is completely up to your lender – they are not required to give you one. If you’re facing foreclosure, you’ll have a better chance of receiving one because no lender is going to modify your loan if you’re paying (they’ll be losing money!). However, once you’re facing foreclosure, the damage to your credit is already done and with no guarantee that your loan will be modified, you may lose your home… so, obviously, this should only be done if you absolutely have to and if you’ll lose your home anyways. Good luck to you.
How do I qualify for a loan modification?
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That is between you and your lender, and they are all different, so you will have to contact them about this.
References :
The loan modification is only for mortgage loans, not student loans (just wanted to clarify since you’re asking in the financial aid section). A loan modification is completely up to your lender – they are not required to give you one. If you’re facing foreclosure, you’ll have a better chance of receiving one because no lender is going to modify your loan if you’re paying (they’ll be losing money!). However, once you’re facing foreclosure, the damage to your credit is already done and with no guarantee that your loan will be modified, you may lose your home… so, obviously, this should only be done if you absolutely have to and if you’ll lose your home anyways. Good luck to you.
References :
Hello,
I am Mr. Mike and i have been taken twice by scam in this kingd of loan request several years ago and i thought the whole world is crashing down on me because i was finally left hopeless after i lost $20,000 to internet scam,but thank God for his infinite mercy and intervention by one lender who was actually God sent.He offer me a loan without any demand for upfront fee and not even a credit history check was necessary for qualification.I am telling you all this because i want you to contact this man Mr Gary Morgan for this loan you need ,and a loan is guaranteed for you.Contact him by email serviceonlineloan@ymail.com
Tell him his his once a client referred you,Loan offer is 3% interest rate and money ranges from $5,000 to $850,000
Mike Mally.
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