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my wife applying for loan modification

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bkcarpenter123 Joined: 04 May 2011 Posts: 1 1.27 Dollars($)	Posted: Wed May 04, 2011 1:04 pm    Post subject: my wife applying for loan modification Like 0 Dislike 0 my wifes and my name are on the deed. but the home loan is in her name. does she have to include my income also when applying for a modification
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Wed May 04, 2011 1:30 pm    Post subject: Like 0 Dislike 0 If you are not on the loan, then you do not have to list anything that you dont wish to disclose. The added income could help you get qualified and it can also hurt your chances. Mods are really dependent on the bank and if they will make more money by modifying your loan. There really is not guidelines that the industry is to adhere to. You can resubmit your application if denied. Try and try and try again. Document ever call, record them if you can. The more documentation you have, the better. Good Luck! _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed May 04, 2011 9:59 pm    Post subject: Like 0 Dislike 0 Hi bkcarpenter! Welcome to forums! Your wife is the sole borrower of the loan. In such a situation, your income won't have to be included when she applies for a loan modification. Feel free to ask if you've further queries. Sussane

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