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Icon Mini Profile leeelliot61





Joined: 13 Sep 2009

Posts: 188

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Post Posted: Wed Sep 23, 2009 7:30 am    Post subject: mortgage
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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
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

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Post Posted: Thu Sep 24, 2009 10:29 pm    Post subject:
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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
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