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How do you do a loan modification for Bank of America?

Whitney Matthews

in Student Loans

1 answer

1 answer

Jessie Thompson on February 28, 2019

Follow the instructions... follow-up with the bank at least once a week. Have at least $500 is left after all the expenses are calculated on income. That is it. A different opinion As a borrower, your finances have to support three things: 1) you can't afford your mortgage payment at current rate 2) that you will be able to support your expenses with a modified mortgage payment 3) that you have suffered a financial hardship (reduction in income or unexpected expenses) Obviously, there is a very fine line of people that qualify under these terms. Most of the people who can't pay their mortgage would not be able to afford the luxury of a modification of the mortgage. I have to do this daily work in a mortgage company.

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