Posted on: 14th Oct, 2010 02:12 pm
My first loan just got modified, but unless I can get my HELOC modified too, I'm still in the same predicament. I haven't missed a payment on my HELOC yet. Should I? Do I need to play the game just like I did on my first to get any attention from my lender? I called the institution carrying my HELOC and they said they couldn't help me.
Unless you're delinquent on your mortgage payment, the lender will not be ready to modify your loan. If you're facing a real hardship, then you can avoid paying the dues to get your loan modified.