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Old 04-11-2009, 05:48 PM   #1 (permalink)
thankful07
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Question About NACA Guidelines

Hi,

This is my first post and hello to everyone. My story is very similar to just about all posting, because we would like some assistance from what we have already put in. I have two loans with CW and instead of wasting time with them, I am going through NACA first. I appreciate so many of you all posts. They are very informative. My story started out as such. About 2 years ago my husband and I brought a home. We own a business and it was doing quite well. Unfortunately, until the turn in the economy last year. Many of our clients had to cut back or cancel. However, gas and groceries depleted anything we had saved, because of the business. In return, we fell behind on the mortgage this year. Each month we pay late with late fees we don't have. This has been a humbling experience for me. I have always been organized enough to pay this or that. I seek to become more humble every day! The more I pray the more I know this will work out for my family and I.
I am currently getting my paperwork together to send NACA. I wanted to know if they had guideline that had to be meet as far as income. I read in previous posts that CW needed to see $100-250 for net balance. Our business has had a net loss in the past quarter and I need to send in an income statement?
Thanks
In His Love


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