Mortgage Forum

Mike

Do you think we may qualify loan modification base on bellow income 1st Moorgate $ 184,000 with 7.95 % ARM ( will re-set September 08) 2nd Moorgate 45,000 with 10.5 %

And as you see we are straggling to pay are mortgage but we still mange to pay every month on time and full. Total earning $1,964.00 $2,200.00 Net earning $4,164.00 expensive (4,680.00) net (516) I am wondering since we are already showing $-516 negative net income; lender may say NO! NO! And we have this problem since we have our 1 year old son because we have to pay the daycare.

However we still pay are payments full and on time no late payments all the time Please help us Thank you