Loans, Debt & Credit - View Single Post

drraz · 05-07-2009, 03:02 PM

I am also trying for a loan mod w/ ASC, altho I am not late & have no bankruptcy (just reduced income). They asked for info about my expenses, including utilities, childcare, etc, and that concerns me bc I think they are trying to look for reasons to deny me even though it would be easy for them to make my loan conform to the 38% of gross income federal guidelines.

Can u give me an idea of what you had to submit, and did they say what about your expenses made the equation out of whack, according to them?

05-07-2009, 03:02 PM	#10 (permalink)
drraz Senior Member Join Date: Mar 2009 Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: ASC Loan Modification I am also trying for a loan mod w/ ASC, altho I am not late & have no bankruptcy (just reduced income). They asked for info about my expenses, including utilities, childcare, etc, and that concerns me bc I think they are trying to look for reasons to deny me even though it would be easy for them to make my loan conform to the 38% of gross income federal guidelines. Can u give me an idea of what you had to submit, and did they say what about your expenses made the equation out of whack, according to them?