Chase Loan Modification Process

The best way to get your chase loan modification approved is to understand fully how the process works and establish if you qualify because some home owners do not.

Qualifying Criteria

Firstly you need to be staying in the house that you are trying to get approval for a chase loan modification and that the mortgage started before January 1st, 2009 and the loan must be more than 31% of your total income. You will also need to prove that you are unable to keep up with the monthly payments or already have missed one. Even though loan modification costs seem expensive at the time it might be necessary because the only other option to the lender is repossession of the property.

There are other criteria that you will need to meet and one being you should have no criminal record to do with money laundering, tax evasion and using a loan modification expert from loan mod depot is the best way to get sound advice.

Once the Application has been submitted

Even if you meet the above criteria you think it is enough but all the documentation is required and there are no exceptions, therefore, using loan modification companies such as loan-mod depot will help speed up the process and ensure that all the paper work is in order.

It is important to stay on top of the situation because there are plenty of applicant for chase loan modifications and this takes a lot of your time but is necessary. Make sure that you keep a record of all the meetings, communication and papers submitted so that if it is denied you have a reference which you can use as back up and clear any disputes should there be any

Don’t take any chances and the costs of a loan modification consultant might seem expensive at the same time but why gamble with the possibility of losing your home.