Posted on: 02nd Oct, 2009 06:27 pm
what are the chances of getting approved for a loan modification once placed on a trial payment plan ?
Loan modification trail is based on the data you have submitted to them. like you financial infoamtion Incoem, debt and other commitments
So they have determiend the trail based on that data and probably they think that you need the loan modified due to that current situasion
They are trying to mesaure how realiable you will e once the modification is really done. So they are testing you in the trail period toe make sure you meet the needs
If you meet the terms and tiemliens of the trial period you have a very good chance of loan gettign modified completely
So they have determiend the trail based on that data and probably they think that you need the loan modified due to that current situasion
They are trying to mesaure how realiable you will e once the modification is really done. So they are testing you in the trail period toe make sure you meet the needs
If you meet the terms and tiemliens of the trial period you have a very good chance of loan gettign modified completely
thanks so much i keep reading about modification and see more nightmares than sucess stories, im getting worried that after i complete the trial period they will deny me.
Mena
Lot of pople are in the same situation
As of now start with a positive mind. Since you are in step one now with trail period, follow it and see where it takes
Lot of pople are in the same situation
As of now start with a positive mind. Since you are in step one now with trail period, follow it and see where it takes
Unless you ave other option, then this is the only option as of now
missed to type the whole sentence in my last post
missed to type the whole sentence in my last post
Thanks so much ! WF reps are not fully knowlegdeable on how the complete process works. One day i get there is a possiblity of denial the next day i get you are as good as in when placed on the trial plan!!!!
I know
Remmeber it isnto the fault of the agent who answers the call.
probably they have been trained to answer the calls in that way
Remmeber it isnto the fault of the agent who answers the call.
probably they have been trained to answer the calls in that way
Hi Mena,
The trial payment plan is a way to determine if you can afford to make the mortgage payments as per the modified plan. There is little you can do if the modification is denied. But since they have approved the trial payment plan, it means they feel a loan modification is indeed needed in your situation. Thus, if you keep making the payments on time according to the modified payment plan, it is expected that you will be approved for a long-term modification plan. So, make sure you do not fail to make any payment during this trial period.
The trial payment plan is a way to determine if you can afford to make the mortgage payments as per the modified plan. There is little you can do if the modification is denied. But since they have approved the trial payment plan, it means they feel a loan modification is indeed needed in your situation. Thus, if you keep making the payments on time according to the modified payment plan, it is expected that you will be approved for a long-term modification plan. So, make sure you do not fail to make any payment during this trial period.
mena,
welcome to mortgagefit.
If you have been allowed for trial payments there are very good chances of yor approval of the loan modificaton, so in my opinion you should concentrate more on paying the installment rather than going for other jargon.
If you take care of basic things, rest of the things will be taken care.....
keep in touch....
welcome to mortgagefit.
If you have been allowed for trial payments there are very good chances of yor approval of the loan modificaton, so in my opinion you should concentrate more on paying the installment rather than going for other jargon.
If you take care of basic things, rest of the things will be taken care.....
keep in touch....
you have very high chances. do not worry about replies given by agents.
keep paying as per trial plan
keep paying as per trial plan