how to get a loan modification: What debt to income ratio do I need to get a loan modification from Chase?
- 06/01/10 12:47 PM
In order to find out a monthly payment that is ideal for a particular individual, Chase will first determine their debt-to-income ratios. They often will ask for your total gross income in order to properly figure out your true net income. This is your entire income that your receive prior to any tax deductions. Once your income has been added up it's time to add up any monthly debt payments that are required. These include your minimum monthly payments on all your credit cards, car installments, insurance payments, property taxes as well as the new desired payment that you want to … (2 comments)
My name is Moe Bedard and I am Founder of LoanSafe.org and LoanWorkout.org. My mission is to educate consumers online about the loan and mortgage process in order to to help them make the best financial decisions. I am one of the few people on earth who place humans before profits.
In order to find out a monthly payment that is ideal for a particular individual, Chase will first determine their debt-to-income ratios. They often will ask for your total gross income in order to properly figure out your true net income. This is your entire income that your receive prior to any tax deductions. Once your income has been added up it's time to add up any monthly debt payments that are required. These include your minimum monthly payments on all your credit cards, car installments, insurance payments, property taxes as well as the new desired payment that you want to … (2 comments)
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