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Loan Modification Surplus

Posted on: 20th Apr, 2010 01:57 pm
Does anyone kow what Wells Fargo will approve? I have tried 4 times and I am in desparate need. First, I had two much money left, $300 and then I did not have enough $60. Is there some formula?
Hi jackier,

I'm not sure about the calculations based on which the lender agrees to a loan modification. However, you should note that the lender will see to it that you have a stable surplus income which will help you in paying off the loan as per the modified rate/terms. If you do not have the required income, your request can be turned down.

Thanks
Posted on: 20th Apr, 2010 08:22 pm
I don't understand what a surplus home loan is. Can you please help understand? My lender want to offer this to me. Would this be a good chose?
Thank so much
Candy
Posted on: 23rd Dec, 2010 11:47 am
Hi Candy,

Your query has been replied to in the given page:
http://www.mortgagefit.com/predeal/about47787.html

Take a look at it. Hope it helps you.

Thanks
Posted on: 23rd Dec, 2010 07:39 pm
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