mortgage loan modification tips for success: Mortgage Loan Modification Tips For Success! Part 2 - 01/18/11 01:07 PM
Mortgage Loan Modification Tips For Success! Part 2
7. Keep your eye on the goal and stay positive.
By modifying your home loan, your mortgage lender is attempting to reach a target percentage of your gross income per month that goes to your house payment, typically 31%. This is known in the industry as your "housing ratio" which is the percentage of your gross income per month that is spent on your house payment, including; principal, interest, real estate taxes, homeowner's insurance, homeowner's association dues and any special assessment charged to you as the homeowner. Please note that the gross monthly … (2 comments)

mortgage loan modification tips for success: Mortgage Loan Modification Tips For Success! Part 1 - 01/17/11 02:21 PM
Mortgage Loan Modification Tips For Success!  Part 1
If you have been either trying to get your mortgage loan modification approved or you are considering applying for a mortgage loan modification, here are some mortgage loan modification tips for success!
1. Be certain that you need a loan modification.
Not everyone that thinks they need a loan modification really does. If the value of your home is within an acceptable range with the amount you owe on your mortgage, there are mortgage refinance loan programs available that you might be able to qualify for where you can dramatically reduce your … (0 comments)

 
Mike Litton, Realtor - 760-802-9500 -  Homes For Sale Escondido (Keller Williams Realty North County San Diego)

Mike Litton

Realtor - 760-802-9500 - Homes For Sale Escondido

Escondido, CA

More about me…

Keller Williams Realty North County San Diego

Address: 2121 Enterprise Street, Escondido, CA, 92029

Office: (760) 291-1277

Mobile: (760) 802-9500

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