Loan Modification Forum - LoanSafe.org - View Single Post - Loan Modification for multiple rental properties

butacska · 06-05-2009, 07:20 PM

Thank you for your reply, I appreciate it.

Our situation is :
Current on both, 1st plus 2nd $2400 together, plus $150 on a credit card, these are the expenses, $4000 gross income, (so DTI is 64), have savings but every month we put ~$600 from it towards the mortgage/bills. house was 300K at purchase 80/20, 0 down, 30 fix, 6.8% and 9.3% now it worth 100K. primary residence. hardship: complete loss of income from the business, so now only this $4000 left...

What do you guys think the chances are?

06-05-2009, 07:20 PM	#39 (permalink)
butacska Junior Member Join Date: Jun 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Modification for multiple rental properties Thank you for your reply, I appreciate it. Our situation is : Current on both, 1st plus 2nd $2400 together, plus $150 on a credit card, these are the expenses, $4000 gross income, (so DTI is 64), have savings but every month we put ~$600 from it towards the mortgage/bills. house was 300K at purchase 80/20, 0 down, 30 fix, 6.8% and 9.3% now it worth 100K. primary residence. hardship: complete loss of income from the business, so now only this $4000 left... What do you guys think the chances are?