Can having a savings account hurt getting mortgage assistance?
My wife and I are requesting Mortgage assistance since our home is now in foreclosure. I had lost my job for over a year. I’m working now and have been able to open a savings account and contribute to that on a consistant basis. When breaking down the expense to revenue numbers, can the mortgage company base their decision on what I have in my savings account? Or on me to put less in savings so that I can put more towards the “new” mortgage payment?