Phoenix Loan Modification Questions: My Credit Is Bad Can I Still Get A Loan Modification?

My credit is in the toilet now, can I still qualify to get a loan modification?

Yes. The beautiful thing about the loan modification is that there are no credit requirements. If you were trying to get a loan, your credit would have to be immaculate. Since you are not getting a new loan, your credit score does not come in to play.

The banks primary concern is that you will be able to make the new payments. If you are expenses are more then your income, the bank wants to make sure that you will be able to afford the new payments. They don’t want to go through the hassle/cost of a loan modification if you are going to re-default anyway.

If you are, or are going to be, falling behind on your mortgage payments, please don’t wait to call us. We can get your loan modification started right away. The sooner you start, the sooner you get results. (480) 389-5199