So glad to find this forum... I'm planning to get a loan modification with Bank Of the West, my interest rate is 7.25%, monthly payment is $4600, which is very high and I can't afford it anymore. I got divorced a year ago and my income is from a part time job with $1300. The rest of my income are from my son and from the rooms I rent out, comes up to a total of $5800.
I was wondering if anyone has an experience of loan mod with Bank of the West and if a loan modification is possible in my case?
Any help would be appreciated! Thanks!