Loan Modification Forum - LoanSafe.org - View Single Post - Home Affordable Modification on 40 yr mortgage and navigating Chase

whatsinaname · 03-14-2009, 07:00 AM

I pray they will reduce mine to 31%. I wish it was 31% of net income rather than gross because it will still be fairly high for some.

Sad thing is they are not reducing the outstanding mortgage balances due to the decline in real estate prices

03-14-2009, 07:00 AM	#4 (permalink)
whatsinaname Senior Member Join Date: Nov 2008 Posts: 283 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Home Affordable Modification on 40 yr mortgage and navigating Chase I pray they will reduce mine to 31%. I wish it was 31% of net income rather than gross because it will still be fairly high for some. Sad thing is they are not reducing the outstanding mortgage balances due to the decline in real estate prices