Can someone please answer this mortgage loan modification question?
My application was denied because they said I have to make more than 1.5% of my existing loan balance. My loan balance is over $ 377,000 and I do not make more than $ 5,665/month. Is this correct? If I made that much I would afford my loan payments…. This is the Obama Making Home Affordable modification program. So frustrating…was trying to avoid foreclosure.