How Long Does a Loan Modification Take?

As we explain in our free loan modification guide, an application can be delayed or even denied for the smallest mistake. If the bank rejects your initial application for forgetting to fill out part of a form, leaving off a date, or failing to submit required backup documents, this will slow down the process. The first time, the bank might kick the application back to you and give you a chance to correct the error. But while you are making the corrections, the clock will still be running on your backup documents. When that happens, you may find yourself getting pushback a second time, this time because your backup is not current enough. It can be a very frustrating process.

If you want to fill out your own loan modification application, we can review it for you before you send it in. We offer free consultations for this purpose.