Financing in Fullerton>Question Details

cathys307, Home Owner in Berlin, NJ

can i get a lower interest rate loan modification without income documentation?

Asked by cathys307, Berlin, NJ Tue Oct 8, 2013

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Hi Cathy,
The question is what is your rate now?, a loan can be modified many times if your investor is participating in the program.BUT, there is no way a lender, servicer or investor will do stated or no income modification. Technically and financially you are asking to have a review on your loan due to a financial hardship, therefore the most importnat part of that review is income is to see if your DTI is above or below 31%

Libardo
nmls 380933
0 votes Thank Flag Link Wed Oct 9, 2013
go online to your lenders website and look for loan modification information, it will tell you what is required.
0 votes Thank Flag Link Tue Oct 8, 2013
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