Frequently Asked Questions

Q. What is A Loan Modification specialized in?

A. A Loan Modification is specialized in arranging for you a range of loan modification plans.

Q. How long does the process take?

A. A loan modification process can take 3 days and up to 120 days.

Q. Can I do a loan modification on my own?

A. Yes, you can do a loan modification on your own. The process is very detailed.

Q. Do I have to be late on my mortgage to do this?

A. No. You dont have to be late on your mortgage but you do have to have some type of hardship in order to qualify. Situations such as adjustable rate mortgages, negative amortization mortgages, owing more than your home is worth, loss of income, etc., will qualify you to be approved for this process.

Q. What if I have bad credit? Can I still apply for a loan modification?

A. Relax! Your credit is not a determining factor. We understand a personal credit is going to decline when they are involved in a financial hardship and therefore, the process is not dependant on you having good credit.

Q. Do I have to have equity to modify my loan?

A. No, you do not need equity to qualify for this process.