Loans, Debt & Credit - View Single Post

vstopaz · 08-14-2008, 01:18 PM

Jules,

You basically qualify if you make enough money to make your house payment at a reduced interest rate. I think for people who make enough to support the house payment at around 5-7% have the best chance for getting a loan modification. They don't want your house, and they want you to pay up, so that's what they're looking at. Keep us posted.

08-14-2008, 01:18 PM	#2 (permalink)
vstopaz Senior Member Join Date: Jul 2008 Posts: 48 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Update on Option One Jules, You basically qualify if you make enough money to make your house payment at a reduced interest rate. I think for people who make enough to support the house payment at around 5-7% have the best chance for getting a loan modification. They don't want your house, and they want you to pay up, so that's what they're looking at. Keep us posted.