Banks or mortgage lenders create their threshold formulas to determine if the ratio of current home loan payments to proposedmortgage paymentsis low enough to prevent payment shock. The current housing payment may be either a mortgage or rent expenditure.Credit scoresand cash flow are also key fact...
I joined a program (NACA) in July and had most of my paperwork processed for a modification or restructured loan concerning my mortgage with Bank Of America. NACA, however, dropped the ball in forwarding my paperwork over to my mortgage bank in a timely manner. Now, my home is in public...
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I joined a program (NACA) in July and had most of my paperwork processed for a modification or restructured loan concerning my mortgage with Bank Of America. NACA, however, dropped the ball in forwarding my paperwork over to my mortgage bank in a timely manner. Now, my home is in public...
I joined a program (NACA) in July and had most of my paperwork processed for a modification or restructured loan concerning my mortgage with Bank Of America. NACA, however, dropped the ball in forwarding my paperwork over to my mortgage bank in a timely manner. Now, my home is in public...