before i reach 90 days, i want to attempt modifying my 1st mortgage plus a 2nd home equity line of credit with Chase Bank. i'm approaching 2.5 mo delinquent and wanted to try modifying my loan to see if the lender could work out a deal so i can live in my home at a more affordable rate or just foreclose.
I called Chase and they said i'm pre-qualified to modify my loan for the 1st mortgage ($490k) and they said they'll mail me a modification package to fill out and return so they can review.
My question is: do i have to separately call Chase and contact the Home Equity Dept and ask to be pre-qualified for a home modification for the 2nd Line of Credit ($140k)? I dont want to successfully modify my 1st, only to realize I needed to separately fill one out for the Line of Credit.