loan modification

unfortunately i was due to a reduction in salary however after reading the guidelines you do not have to be late on payments for a loan modification.

yes Mena.

many times, mortgage lender understands the situation of borrower & offer a loan modification without his/ her being late

Mena

There is no requirment for anyone to be late for loan modification to be done

If you cna show that you ahve financial difficulties and cannot make payment due to that the bank will probably consider you for loan modfication

Mena,

you need to give sufficient reason to Mortgage lender.

Apart from that you need to prove that you can continue to pay as per the modified loan plan.