Posted on: 08th Sep, 2009 12:02 pm
Why else would we need a loan modifaction if our income was enough in this rising economy.
Hi barbaratyner,
If the lender feels that you would be able to pay off the mortgage dues with your present income, he may not accept a loan modification request. I think your lender felt that your income is sufficient enough for you to pay off the loan. In such a situation, the lender won't accept your request.
Thanks
If the lender feels that you would be able to pay off the mortgage dues with your present income, he may not accept a loan modification request. I think your lender felt that your income is sufficient enough for you to pay off the loan. In such a situation, the lender won't accept your request.
Thanks