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Do banks ever deny a request for a loan modification?

April 26, 2017Banks deny loan modification request

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Do banks ever deny a request for a loan modification?

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Sadly, yes. An applicant must meet specific guidelines in order to qualify for a mortgage loan modification. Depending on the particular lending facility you have chosen will be the weighing factor in exactly what is required for approval. This makes it vital for anyone considering a loan modification to gain as much knowledge as possible about the entire process. The more knowledge you have the better prepared you will be when it comes down to the negotiation process.