i have tried it, but without success. i was making close to 40K. now i make 10/hour.
we have a fannie mae mortgage. the payments are 1200/month. we are a month behind, and i fear we will lose our home. i tried the modification through fannie. get this...their best deal, a 40 year at 2% interest would lower my payments to 800 a month. but i don't make enough money!!! it has to be less than 31% of your gross income. i asked why was it i could make the higher payment, but not qualify for the lower one, and was told that's just the way it is.