Anyone Here Modify their Mortgage using the new Federal Programs? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home > General Discussions (Off-Topic) > Everything Else

Everything Else For off-topic conversation. The rules are relaxed in here, but play nice!

Thread Tools
Old 08-09-2009
Senior Member
Join Date: Aug 2007
Posts: 1,397
Thanks: 14
Thanked 29 Times in 28 Posts
Activity: 0%
Longevity: 96%
iTrader: (0)
Default Anyone Here Modify their Mortgage using the new Federal Programs?

Have started the process and don't want to get turned down or have my payments be too high.

If you are accepted you can basically have your mortgage re-written at 2% for the next 5 years and ammortized over 40 instead of 30 years.

They claim that you payment will be around 31% of your monthly gross if you are accepted. So, obviously you want to keep your income amount down (which is easy since many of us are paid in methods and don't receive W2's or 1099's) to keep your payment down. But you don't want to keep your income too low and be turned down. So if 31% of the number that you give them is adequate to cover the payment based on 2% at 40 years...Will you be accepted?

I figured work it backwards...
1)Figure the monthly payment based upon the above mentioned numbers
2)Take that amount and calculate what it is 31% of.
3)List that as your "anticipated" monthly income.

If anyone has any insight on this I would sure appreciate it.
Reply With Quote
The complete step-by-step guide to get back to selling today!


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
IP Programs? OfficialGenius IP Address 33 10-07-2009 04:41 PM
Federal Tax ID's or EIN's Brendaleigh eBay Discussion! 1 10-07-2008 09:20 PM
Alternative programs that fully erase history Burst eBay Tracking 8 10-03-2008 10:55 AM
Ghostsurf and other ip hiding programs mikey eBay Discussion! 16 08-22-2007 06:41 PM
New programs. !st and only way to stop non-paying bidders! CPUGEEK eBay Discussion! 10 06-11-2007 07:38 PM

Aspkin Group

All times are GMT -5. The time now is 03:56 AM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58