Posted on: 05th Sep, 2009 08:38 pm
I was granted a modification on my second loan - Wells Fargo (100k balance reduced to 3%, extended to 35 years-payments decreased from $715 to $385/month). But denied a modification from Chase on my primary loan - 293k, 10yr interest only arm - $1575/month and do not escrow. Can I try other companies for a modification? Are there fees?
Certainly. They will charge fees. you must have received denial letter from Chase mentioning reason of refusal. need to analyze the reason first.