Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can people collecting unemployment insurance get mortgage modification?

April 26, 2017CT Insurance modification mortgage people Refinance unemployment west Hartford

0

Posted

Can people collecting unemployment insurance get mortgage modification?

1 Answer

0

Posted

I am asking the same question myself. I was laid off 6 weeks ago, my wife and I filed for a loan modification soon after (li’l over a month ago). We were told we would get feedback within a couple weeks. Finally, wife followed up yesterday and, we were told we missed the 31% mark by $24 a month. We ran the numbers and found we were well over the 31% loan to income ratio. After further review, we found out that they are counting my unemployment as income. Is that legit??