Posted on: 03rd Feb, 2011 10:00 am
I have applied for a loan mod thru wells fargo with no luck. Does anyone know if they use mortgage income to debt or mortgage debt to income? Also, I am not sure how to calculate it and what percentage it needs to come in at. I have seen different means to calculate it. Basically I am behind on my payments about 4 months. Currently my revenues are about 400 above my expenses on the information they have on my file right now. Any help would be appreciated or suggestions.
Hi jeffkawaski,
It is difficult to know whether Wells Fargo uses income to debt or mortgage debt to income ratio. I will suggest you to reapply for a loan modification once again with your lender and check if he is ready to help you now.
Thanks
It is difficult to know whether Wells Fargo uses income to debt or mortgage debt to income ratio. I will suggest you to reapply for a loan modification once again with your lender and check if he is ready to help you now.
Thanks