it troublesome need help

[tomser]

My income source comes from the social security and retirement account to pay mortgage payment

My question to you is that my retirement account is ( stock,bond, and mutual fund worth $500k )

My main reason to request the loan md is that my hardship-interest only loan reset in September much higher rate unable to pay
from $1800 to $2900 and my income reduction 30%( my retirement account evaporated 30% due to stock market decline ) and m and my wife both unemployed retired, and high medical bill due to poor health)

but when I request loan md , evn if I met the HAMP criteria, If my lender looks into my retirement account $500K then they may disqualify me for loan md due to the $500k which is my entire my saving account . If this being evaporated due to higher mortgage payment I will be out of street real soon .May be lender reject md because large sum of sock and bond i have now or worst case senario,if render reject md then if I foreclosure the lender may force me to pay back the remain principal with is fund if any

I call this my retirement fund or retirement saving fund ( this not 401 k)
so I just wonder how to deal with this situation

any comments appreciated

tomser

[SillyWorld]

Please keep to one post on the same subject...and read the other replied to post..

Thanks

And welcome to the forum