Comments on: DTI can be too low? http://www.60minuteloanmodification.com/dti-can-be-too-low/ Loan Modification How To Education | Do it yourself Mon, 11 Apr 2011 20:35:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mike Rockwood http://www.60minuteloanmodification.com/dti-can-be-too-low/comment-page-1/#comment-87 Mike Rockwood Thu, 03 Jun 2010 01:29:45 +0000 http://60minuteloanmodification.com/dti-can-be-too-low/#comment-87 Hi Bill - Unfortunately you are out of luck at that DTI. But before giving up make sure you are calculating DTI correctly. It should include taxes, insurance and HOA. Thanks! Mike Rockwood Hi Bill – Unfortunately you are out of luck at that DTI. But before giving up make sure you are calculating DTI correctly. It should include taxes, insurance and HOA.

Thanks!

Mike Rockwood

]]> By: longdrives http://www.60minuteloanmodification.com/dti-can-be-too-low/comment-page-1/#comment-86 longdrives Wed, 02 Jun 2010 14:12:08 +0000 http://60minuteloanmodification.com/dti-can-be-too-low/#comment-86 Hello, My DTI on my 1st is 28% (interest only, due to adjust to ARM in Dec 2010); add the second it's 30.3%; However, my back end ratio is over 50% due to some extraordinary medical expenses moved to credit cards. My lender is also a portfolio lender and they won't consider a mod unless I'm two months late. Would they consider me since my ratios seem to be reasonable on my mortgage? Thanks, Bill Hello,
My DTI on my 1st is 28% (interest only, due to adjust to ARM in Dec 2010); add the second it’s 30.3%; However, my back end ratio is over 50% due to some extraordinary medical expenses moved to credit cards.
My lender is also a portfolio lender and they won’t consider a mod unless I’m two months late. Would they consider me since my ratios seem to be reasonable on my mortgage?
Thanks,
Bill

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