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Affordable
Loan
Modification
Program
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Under
our Affordable Loan
Modification Program, The
target maximum amount for your mortgage payment (or mortgage
debt-to-income) ratio should be 31% of your gross (pre-tax)
monthly income. This Payment Reduction Estimator will determine
what your current mortgage debt-to-income is and how much your
monthly payment may be reduced if you qualify for a modification.
Do
not include any payments on your second mortgage. You may have
taxes and interest in escrow added to your monthly payment already.
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