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Loan Modification Surplus

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?

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:54 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:54 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:54 | Post subject:

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