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Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Our firm takes a genuine interest in our clients, understands their objectives and meets or exceeds their expectations in a timely manner. We strive to provide superior legal services and maintain the highest standards of professional integrity.

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Email: contactus@rdwaller.com

Law Office of Roland D. Waller
5332 Main Street
New Port Richey, Florida 34652

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Friday, 15 January 2021 / Published in Real Estate - Buying, Videos

How Does A Lender Determine A Borrower’s Eligibility For A Loan Modification?

Video Summary

How does the lender determine the eligibility of a borrower for a loan modification? Well, they usually require you fill out a financial statement and particularly as showing what your income is,  the members of your household, the household income and what your expenses are. If you have a regular job and you have pay stubs, and then that goes a long ways for them to evaluate whether or not they will give you a loan modifications. Many times you see where they’ll have a trial period. And I don’t represent lenders. So, that’s the best I can do on telling you on what they look at or what the documentation they’ve requested of my clients. Whenever I’m attempting to get a loan modification for a borrower who happens to be in foreclosure. So there may be a, a modification, although I haven’t seen many where your current and you just want to modify your loan, that would be something you submit financial information to, or if the loan has been paid down. So if you have any questions about a loan modification, give me a call at (727) 847-2288.

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Law Office of Roland D. Waller
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New Port Richey, Florida 34652-2509

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