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

snapple candy · 03-18-2009, 10:25 AM

I wonder about this same question also with regards to income vs expenses compared to income vs housing and what actually will be used to set payment amount under Obama plan as I am in similar situation with child support and mine is set to lower soon. I think you did the right thing by not using your child support in the mix. They may use it against you to achieve a higher payment amount (ie: 31%). I am still in process myself. Keep us posted how this ultimately plays out in the calculations.

03-18-2009, 10:25 AM	#11 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,309 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Home Affordable Modification on 40 yr mortgage and navigating Chase I wonder about this same question also with regards to income vs expenses compared to income vs housing and what actually will be used to set payment amount under Obama plan as I am in similar situation with child support and mine is set to lower soon. I think you did the right thing by not using your child support in the mix. They may use it against you to achieve a higher payment amount (ie: 31%). I am still in process myself. Keep us posted how this ultimately plays out in the calculations.