At the risk of being laughed at, how long do I need to wait to be considered for a mortgage refi after having a modification?

Asked about 3 years ago - Los Angeles, CA

I'm in CA and my mortgage is held by Chase. My aim is to lower the interest rate, 6.5%, and avoid the balloon payment, thought it's many, many years down the road of $255,000. I would also like to push it to a 40 year mortgage to lower payments. Could this be a possibility at some point?

Attorney answers (2)

  1. Sean Sullivan Hanley

    Contributor Level 11

    Answered . This is clearly a question for your lender. Lenders all have different policies and practices regarding their mortgage plans, etc...

  2. Frank Wei-Hong Chen

    Contributor Level 20

    Answered . Yes, this could be a possibility at any point in time. All you have to do is ask your lender (or a different lender who is willing to refi).

    The information presented here is general in nature and is not intended, nor should be construed, as legal advice.... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.


Ask now

28,493 answers this week

3,153 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

28,493 answers this week

3,153 attorneys answering