Archive for October 30th, 2010

Will being on unemployment affect getting a mortgage loan modification?

Posted in Personal Finance on 10/30/2010 07:44 pm by admin
angela m asked:


Our house is going in to foreclosure and we are trying to get a loan modification. My husband found out he is likely to lose his job next month. Will this affect getting a loan modification?

Florence
 

What are my chances of getting past the underwriters on my mortgage loan app?

Posted in Personal Finance on 10/30/2010 03:30 am by admin
tepd02 asked:


The loan officer seems pretty confident, but I don’t know if that matters. We were able to put 20% down, but our “ratios” of income to debt were borderline. I don’t know if the underwriting process is more of a formality, or if it’s their job, not the loan officer’s, to tell us to keep dreaming.

Michele