Posted on: 24th Feb, 2011 07:13 pm
we r 6 months behind and our loan is being modified. Now that my husband is working again and we think we could continue paying the monthly should we continue paying or wait till we know the result of the modification?
You should contact the lender and let him know about your financial situation. If you can afford to make the normal payments, then you should let the lender know about it and make regular monthly payments. However, you will have to pay off the deliqneunt amount in full.
I would let things be and once they ask for verification of income they will know you are making more money. If you disclose the income right away you may not qualify for assistance. I would wait for the outcome of the loan modification first.