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Answers (2)
- JoAnna Jensen, "StopForeclosureFraud"
- Contributions:141
No no no no!!!
do not pay from your 401k.
they can not make you take money out of your 401k. they can only make you contribute money from savings that will not create a penalty.
You do not need to take money out of your 401k because that is not monthly income.
in order to qualify you need to have monthly income coming in not your 401k. Unless you have a very large 401k and the interest itself can pay your payment.
Otherwise the rma says on it you do not need to contribute from your 401k or ira.
do not pay from your 401k.
they can not make you take money out of your 401k. they can only make you contribute money from savings that will not create a penalty.
You do not need to take money out of your 401k because that is not monthly income.
in order to qualify you need to have monthly income coming in not your 401k. Unless you have a very large 401k and the interest itself can pay your payment.
Otherwise the rma says on it you do not need to contribute from your 401k or ira.
- Caveat Emptor
- Contributions:500
enough that your income from investments would pay Principal, interest, taxes and insurance +living expenses and debt services.
if not, you'll need to make a cash offer, or show other sources of income.
if not, you'll need to make a cash offer, or show other sources of income.
how much asset (bank account, 401k, IRA...) can qualify you for mortgage loan modification? thanks
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