Comments on: How to Create Depth for Your Credit Score http://home-buddies.com/how-to-create-depth-for-your-credit-score/ Mon, 07 Feb 2011 14:24:03 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: admin http://home-buddies.com/how-to-create-depth-for-your-credit-score/comment-page-1/#comment-1590 admin Tue, 17 Feb 2009 17:29:07 +0000 http://home-buddies.com/?p=375#comment-1590 That spreadsheet is 2 pages by the way, dont forget the second page That spreadsheet is 2 pages by the way, dont forget the second page

]]> By: admin http://home-buddies.com/how-to-create-depth-for-your-credit-score/comment-page-1/#comment-1589 admin Tue, 17 Feb 2009 17:27:11 +0000 http://home-buddies.com/?p=375#comment-1589 We can't give you a "for sure" answer about whether or not you will be approved but being on unemployment will not disqualify you. Fill out this spreadsheet FIRST: http://home-buddies.com/Home-Buddies_Financial_Analysis_Form.xls The lender is going to look at your current situation and make a decision based on your ability to pay for the loan after it is modified. If they feel like you won't be able to make the future payments they might deny you. 60% of modified loans go back into foreclosure so, if you can prove that you have enough cash AND income right now, they should give you a chance. You have to be diligent and call them immediately. We can’t give you a “for sure” answer about whether or not you will be approved but being on unemployment will not disqualify you.

Fill out this spreadsheet FIRST:
http://home-buddies.com/Home-Buddies_Financial_Analysis_Form.xls

The lender is going to look at your current situation and make a decision based on your ability to pay for the loan after it is modified. If they feel like you won’t be able to make the future payments they might deny you.

60% of modified loans go back into foreclosure so, if you can prove that you have enough cash AND income right now, they should give you a chance. You have to be diligent and call them immediately.

]]> By: Teri Gallo http://home-buddies.com/how-to-create-depth-for-your-credit-score/comment-page-1/#comment-1587 Teri Gallo Tue, 17 Feb 2009 16:53:04 +0000 http://home-buddies.com/?p=375#comment-1587 I am 4 months behind on my mortgage, will I be able to get a loan modification if I am currently on unemployment but still able to make monthly payments now? I am 4 months behind on my mortgage, will I be able to get a loan modification if I am currently on unemployment but still able to make monthly payments now?

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