[Moe Bedard]

chichi,

Not all modifications result in lower interest rates.........it is up to the investor on the loan..............and since you would have no way of telling what type of modification if any you will receive..............you won't be able to put a payment in at a new interest rate that you have not received yet.
Therefore you would need to show the surplus on your current interest rate and payment.............

And yes...........I am one of the Chase successes and I did show a surplus on my 11.50% interest rate of $224 before my modification................

Chase like all of the other lenders want to make sure that you can afford the house and not just the mortgage moving forward and that the hardship is now over..........