Loan Modification Forum - LoanSafe.org - View Single Post - Who is elligible for a loan modification?

elpjohnson · 01-13-2008, 10:23 AM

Hi there N8tvca70.....

I'm no expert but from what I've read it's better to have a small $200 or so of surplus income. If you have a deficit the lender may tell you that you cannot afford the payment and they may not want to work with you. There are some posts about it in the loan modification section (I think).....try reading those.

01-13-2008, 10:23 AM	#9 (permalink)
elpjohnson Successful Homeowner / Loan Safe Guide Join Date: Dec 2007 Location: Gold Country, Northern California Posts: 1,025 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Who is elligible for a loan modification? Hi there N8tvca70..... I'm no expert but from what I've read it's better to have a small $200 or so of surplus income. If you have a deficit the lender may tell you that you cannot afford the payment and they may not want to work with you. There are some posts about it in the loan modification section (I think).....try reading those. __________________ Erika 10 Month Success Story With Option One.