Loan Modification Forum - LoanSafe.org - View Single Post

cliffdweller · 04-29-2009, 10:28 AM

I'm afraid I am being dense, but here goes:
You are saying that the back-end ratio of under 55% includes the current mortgage - the one that I want to get modified?? Using those numbers, no amount of counseling can get me under 55%....that is why I need a mod. With a modified mortgage loan (e.g. from $2645/mo to $2000/mo) then yes - we will be in there.

04-29-2009, 10:28 AM	#9 (permalink)
cliffdweller Senior Member Join Date: Apr 2009 Posts: 179 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WaMu/Chase Mod Moving Forward I'm afraid I am being dense, but here goes: You are saying that the back-end ratio of under 55% includes the current mortgage - the one that I want to get modified?? Using those numbers, no amount of counseling can get me under 55%....that is why I need a mod. With a modified mortgage loan (e.g. from $2645/mo to $2000/mo) then yes - we will be in there.