GMAC mortgage
Date: Tue, 11/17/2009 - 10:26
She can check with the lender if they approve of HAMP or Home A
She can check with the lender if they approve of HAMP or Home Affordable Modification Program. The lender would certainly check her income criteria before approving a refinance. Hence, if she has experienced a recent pay cut or became unemployed then she might not meet the qualifying criteria for refinance.
How much equity does she have on the property now?
She said that with the housing market her house dropped in value
She said that with the housing market her house dropped in value and she is now even. So she has no equity :(