factors that your lender will look at for loan modification are

**purplese03** · 09-09-2009, 07:44 PM

1. Nature of Hardship Causing Your Mortgage Problems
2. Ability to pay
3. Amount Owed
4. Equity in the property
5. Future financial situation
6. What is better for them? To foreclose or pursue a loan workout with you and or modify your loan. Meaning which approach will best benefit the lender in the long run.

**M'realestatemaster** · 09-10-2009, 03:38 PM

It is important to understand first what is loan modification.
The ability to pay I think, because if you are not capable enough to pay the loan you borrowed the lender might loose his investment also his temper

.
If and only if the lender allowed people to have loan who are not capable enough to pay.

**tucsonhomes** · 09-11-2009, 11:06 AM

You forgot income. The actual modification is based on current income, and usually is not totally permanent.

**cfgoulart** · 09-16-2009, 10:45 AM

It also depends greatly on who your lender and or servicer is. Some are much much better to work with, while others are difficult to nearly impossible to work with.