Loan Modification Forum - LoanSafe.org - View Single Post - Back to Square One in regards to HOA Fees and MHA Modified Payment

debianni · 07-02-2009, 05:40 AM

I was given a loan modification back in December '08 which took my monthly payment down about $225.00 a month. Interest rate went from 8.5% to 7.125%. Now my husband has taken a pay cut of approximately $200 per month. I went on MHA site and it says that I qualify for a loan mod because of mortgage being over 31% of my current mortgage. What do you think the chances of them doing another mod is? I really hate to go through this again, but I'm basically back to square one.

07-02-2009, 05:40 AM	#5 (permalink)
debianni Senior Member Join Date: Nov 2008 Posts: 30 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Back to Square One in regards to HOA Fees and MHA Modified Payment I was given a loan modification back in December '08 which took my monthly payment down about $225.00 a month. Interest rate went from 8.5% to 7.125%. Now my husband has taken a pay cut of approximately $200 per month. I went on MHA site and it says that I qualify for a loan mod because of mortgage being over 31% of my current mortgage. What do you think the chances of them doing another mod is? I really hate to go through this again, but I'm basically back to square one.