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What happens after the lender has received the loan modification request packet?

April 26, 2017happens Lender loan modification packet received request

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What happens after the lender has received the loan modification request packet?

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After we compile, prepare, and submit the loan modification packet to the lender on your behalf, the lender will first evaluate your mortgage loan in comparison to your gross monthly earnings to see how much of your income goes in to your mortgage loans. If you met the lenders criteria, the lender may modify your loan so your monthly loan payments are equal to or less than 31% of your gross monthly earning. During this period, our law firm will aggressively negotiate on your behalf to reduce your mortgage payments as much as possible.