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After 5 years on a loan modification can you refinance your mortgage?

by cynthiaemami413 from Abington, Pennsylvania. Oct 19th 2015 Reply


Michael Ferraro (MichaelFerraro)
#79 ranked lender in Pennsylvania - 4 contributions

Hello,If you have been making payments each month on the mortgage , and your overall score which includes the rest of your credit payments still allows you to qualify (which in most cases and most lenders will be 580-620) then you should be ok. Having a modification done 5 years ago will not disqualify you by itself. Hope that helps. We are located in Plymouth Meeting, PA. Feel free to reach out to me directly if you want to discuss your specific situation further.

Oct 19th 2015
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Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 591 contributions

Yes, you can refinance. there maybe guidelines from the investor you may need to follow. Contact a local mortgage company to get a been idea of loan numbers.

Oct 19th 2015
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Jason Bennett (jbennett)
#105 ranked lender in Pennsylvania - 67 contributions

Short answer, you can. I work for a large bank in your area if interested in more information about refinancing. it may be the bank you have the loan modification now. Feel free to ask my opinion. email: jabennett2@mtb.com

Oct 19th 2015
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 238 contributions

you should be able to , yes

Oct 19th 2015
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Hi yes you can refinance, I'm a local mortgage broker if you'd like to discuss. Thanks, Andrea Varvolis215-666-6300215-272-1157

Oct 19th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,571 contributions

You can refinance a modified loan anytime you want. There are no restrictions. You MAY find that the current lender who suffered the loss on the modification may tell you otherwise, but just talk to anyone else.

Oct 19th 2015
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