Loan Modification Surplus

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jackier77

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Post Posted: Tue Apr 20, 2010 1:57 pm    Post subject: Loan Modification Surplus
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Does anyone kow what Wells Fargo will approve? I have tried 4 times and I am in desparate need. First, I had two much money left, $300 and then I did not have enough $60. Is there some formula?
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Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 12160
Location: Nevada
1221.50 Dollars($)
Post Posted: Tue Apr 20, 2010 8:22 pm    Post subject:
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Hi jackier,

I'm not sure about the calculations based on which the lender agrees to a loan modification. However, you should note that the lender will see to it that you have a stable surplus income which will help you in paying off the loan as per the modified rate/terms. If you do not have the required income, your request can be turned down.

Thanks
Candy

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Post Posted: Thu Dec 23, 2010 12:47 pm    Post subject: surplus home loan
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I don't understand what a surplus home loan is. Can you please help understand? My lender want to offer this to me. Would this be a good chose?
Thank so much
Candy
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 12160
Location: Nevada
1221.50 Dollars($)
Post Posted: Thu Dec 23, 2010 8:39 pm    Post subject:
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Hi Candy,

Your query has been replied to in the given page:
http://www.mortgagefit.com/predeal/about47787.html

Take a look at it. Hope it helps you.

Thanks
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