Can I continue making payments on my loan while going through the modification process?
Asked 2 years ago
When going through the loan modification process, it is generally advisable to continue making payments on your loan if you are able to do so. Making regular payments can help demonstrate your commitment to the loan and maintain a positive relationship with your lender. Depending on the specific circumstances of your loan and the policies of your lender, you may have options such as temporary forbearance or deferment during the modification process. It is important to communicate with your lender about your situation and any payment plans that may be available during this time. GoWize: Loan Modification may provide guidance on how to handle payments while seeking a modification, so referring to the current web page for additional insights or contact information would be beneficial. Ultimately, staying informed and actively managing your loan situation is key.
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