Posted on: 23rd Sep, 2009 07:30 am
Can a mortgagee qualify an asset for the Loan Modification option when the mortgagor is unemployed, the spouse is employed, but the spouse name is not on the mortgage
Yes thre is a possibility that the mortgage compnay might modify the loan and aks you to iclude spouses name on the loan
If your spouses incoem is sufficient to make the monthly payment and keep you under the required Debt incoem Ratio limit thnat is possible
If your spouses incoem is sufficient to make the monthly payment and keep you under the required Debt incoem Ratio limit thnat is possible