should i withdrawal savings

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PostPosted: Fri Nov 27, 2009 11:36 am    Post subject: should i withdrawal savings

I'm in the process for a loan modification and don't know if or when i'm going to qualify. I have some savings it's not alot but I'm afraid that the bank might check on that. should i just withdrawal my savings or is it safe there? thanks
Icon Mini Profile MRinelliconsultant




Joined: 28 Nov 2009

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PostPosted: Sat Nov 28, 2009 7:43 am    Post subject:

If you can't pay your mortgage and you have money in a savings or anywhere else your lender is not going to grant you a modification.
Icon Mini Profile raymond
raymond
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PostPosted: Sat Nov 28, 2009 11:13 am    Post subject:

>>should i just withdrawal my savings

No, not this late in the process.

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Melanie

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PostPosted: Sat Nov 28, 2009 11:47 am    Post subject:

When you go for a modification your bank is going to ask you for updated paperwork during your modification process. When did you start your modification?
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PostPosted: Mon Nov 30, 2009 2:21 pm    Post subject:

they didn't ask for bank statements and it's been a month since i started the process and they haven't ask for them yet.
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