Posted on: 19th Mar, 2014 07:35 am
Can someone please tell me why when we tryed to get a modification on my wifes fha loan that they will not consider my income. We are married and i pay bills at the house and on the house. they will take my money but wont consider my income when it comes to modification. WHY
Because you have no legal obligation to use your money for the mortgage - if you are not on the mortgage you could walk at any point without risk of damage to your credit while your wife cant since she is on the loan. Can you refinance and add yourself to the loan? That way both incomes could be counted.......
Brian Barnes
ENG Lending
Nationwide Lender
Brian Barnes
ENG Lending
Nationwide Lender