I tried to search and search, but can not find my situation. Altough I am sure it is very common. I have 2 homes, my own and a rental. I am trying to modify rental with Chase. When they calculate percent of the mortgage payment versus gross income, do they consider my 2nd home with another mortgage?
This is what we have, the income, about 6500 montly and 2 mortgages, each of 1800. each mortgage is under 31%, but 2 - above.
Also, is there anyone for a fee can help us to fill out the financial statement right?