| Loan Modification Searches Go Parabolic - Making Home Affordable ... Some of the features of the new loan modification program include reducing the interest rate to as low as 2%, increasing the mortgage term to 40 years and possibly reducing the principal balance of the mortgage loan. ... |
| Realty Times - Is My Loan Eligible for Modification Under the ... Loans are eligible for only one loan modification under the program. Subordinate liens (such as second mortgages or home equity loans or lines of credit) are not included in the Front-End DTI calculation, but they are included in the ... |
Understanding Debt-To-Income Ratio | Loan Modification Blog | Keep ...
When applying for a loan modification, your debt-to-income (DTI) ratio is the key to calculating an affordable house payment. ... The government's Home Affordable Modification Program accounts for both front-end and back-end DTI ratios. When attempting to reach the 31% Target Front-End DTI, the focus is only on the first mortgage:. For qualifying homeowners, the lender will have to first reduce payments on the first mortgage to no greater than a 38 percent front-end DTI ...
| Home Loan News: Mortgage Loan Modification Now Cheaper and Easier ... Las Vegas (PRWEB) March 17, 2009 -- Homeowners wanting to reduce their mortgage payment and avoid foreclosure can now take advantage of a new mortgage loan modification service at... |
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