Loans, Debt & Credit - View Single Post - gmac trial approval, now need the pros and cons!!

debo0187 · 10-27-2009, 07:34 PM

First of all, this is a damn good forum!! I have been browsing for 3 months now. endless amounts of info.

Hers's my deal. I recently got approved for the hamp 4 month mod through gmac. They sent my paperwork. payments went from 1357 to 1189. Why didnt it go lower? I reported gross of 3855 a month before debts. Do they calculate the 31% before debts or after debts? should I accept this trial payment? I definitely want it lower. Will my permanent modification be lower if I accept this offer and get approved after the trial? thanks in advance for information given!!

10-27-2009, 07:34 PM	#1 (permalink)
debo0187 Member Join Date: Oct 2009 Posts: 13 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	gmac trial approval, now need the pros and cons!! First of all, this is a damn good forum!! I have been browsing for 3 months now. endless amounts of info. Hers's my deal. I recently got approved for the hamp 4 month mod through gmac. They sent my paperwork. payments went from 1357 to 1189. Why didnt it go lower? I reported gross of 3855 a month before debts. Do they calculate the 31% before debts or after debts? should I accept this trial payment? I definitely want it lower. Will my permanent modification be lower if I accept this offer and get approved after the trial? thanks in advance for information given!!