This document allows for the borrower and the lender to amend and supplement the mortgage, Deed of Trust or Deed to Secure Debt concerning the real and personal property described in the document.
If you're turned down, don’t lose heart! You can ask for feedback, see if there are other programs available, or even appeal the decision. There may still be a way to get through this.
The timeline can vary, but it typically takes a few weeks to a couple of months. Patience is key; it’s like waiting for the grass to grow!
To find out if you qualify, lenders usually look at your financial situation, including your income, expenses, and how far behind you are on payments. It's good to check in with your lender to discuss your options.