Phoenix Loan Modification Questions: What Documents Do I Need For A Loan Modification?

What documents are required to qualify/receive a loan modification?

When you decide to do a loan modification, the lender is going to require certain documents in order to prove your need:

• Last 2 years Tax Returns
• Last 2 years W-2′s
• 2 Most Recent Bank Statements (All Accounts)
• 30 Days Most Recent Pay Stubs
• Financial Statement
• Any and all legal notices and correspondence between you and your lender (IF APPLICABLE)
• Pension, Social Security Income, Alimony, Child Support, etc. (IF APPLICABLE)
• Original Loan Paperwork (For the Forensic Audit)

The original loan paperwork provides us with the information we need to complete a forensic audit of your loan. This process MUST be done before we can submit the loan modification package. You can do a loan mod with out a forensic audit, but the leverage it gives you is invaluable.

If you are falling behind on your payments, or see it happening soon, don’t hesitate to call us. We will help you go over your financial position and see if a loan modification is right for you. (480) 389-5199