Mortgage Loan Modification – Should your mortgage be no more than 31% of your income, and does that include 1st and 2nd?
Question about should your mortgage be no more than 31% of your income, and does that include 1st and 2nd :
I have just recently applied for a loand modification (no response yet) and then I heard that what will likely happen is that they will try to make my home mortgage payment no more than 31% of mine and my husbands income. Now will that mean my 1st and my 2nd loan combined will not be more than 31% of our income?
Answer about should your mortgage be no more than 31% of your income, and does that include 1st and 2nd :
31% includes ALL mortgages, property taxes, AND insurance
read here.
Related Posts :
Other Post :
- New FSA Rules On Mortgage Lending | Housing Market News | The ...
- A Looming Vote to Extend Unemployment Insurance? « The Washington ...
- Mortgage fraud sweep bags four (The News-Press)
- Does "Joe the republican" represent most of the republicans here on yahoo answers?
- Mortgage Electronic Registration Systems Loses Legal Shield | The ...
Related Post Images