Do Home Loan Modifications include our equity loan?
Mortgage is with Chase, equity loan is also with Chase. We applied for a loan modification. Due to job loss, decreased pay we cannot continue to make our home loan and equity loan payments. Wondering if they will adjust/combine our equity loan in our home loan modification. I can't get a straight answer from Chase regarding specifics until underwriter has approved. Does any one know, or has had experience with Chase or this scenario. Thanks!
No, as that was simply cash you pocketed it is not subject to a modification.
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