Loan Modification Forum - LoanSafe.org - View Single Post - My monthly deficit too high to get a mod?

PERSISTENT32 · 05-28-2009, 05:39 AM

I thought you had to have a surplus of 100-200 at the end of the month for a successful modification. Ask *** and Moe they would know based on their experiences with loan modifications.

Its crazy because the banks want to see you can afford the loan but you only have a small amount of money left over at the end of the month ...if an emergency happens you will have a deficit.

05-28-2009, 05:39 AM	#6 (permalink)
PERSISTENT32 Senior Member Join Date: May 2009 Posts: 103 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: My monthly deficit too high to get a mod? I thought you had to have a surplus of 100-200 at the end of the month for a successful modification. Ask *** and Moe they would know based on their experiences with loan modifications. Its crazy because the banks want to see you can afford the loan but you only have a small amount of money left over at the end of the month ...if an emergency happens you will have a deficit.