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Loan modification wells fargo

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Icon Mini Profile jeffkawaski





Joined: 03 Feb 2011

Posts: 1

1.32 Dollars($)
Post Posted: Thu Feb 03, 2011 11:00 am    Post subject: Loan modification wells fargo
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I have applied for a loan mod thru wells fargo with no luck. Does anyone know if they use mortgage income to debt or mortgage debt to income? Also, I am not sure how to calculate it and what percentage it needs to come in at. I have seen different means to calculate it. Basically I am behind on my payments about 4 months. Currently my revenues are about 400 above my expenses on the information they have on my file right now. Any help would be appreciated or suggestions.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Fri Feb 04, 2011 12:14 am    Post subject:
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Hi jeffkawaski,

It is difficult to know whether Wells Fargo uses income to debt or mortgage debt to income ratio. I will suggest you to reapply for a loan modification once again with your lender and check if he is ready to help you now.

Thanks
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