Countrywide has established a division for costumers having trouble making mortgage payments but yet when you call to provide financial documents such as paystubs and bank statements they find excuses to deny or simply don't do any help. It's all a fallacy.
>>>Countrywide strategy is simple, if you default under your current existing mortgage loan then most likely you won't qualify under the H4H program<<< So they force you to default so you can refinance under their rules and continue to pay for a home that DOEST NOT have ANY EQUITY in first place. ...Very wise...
Assuming my statement is correct, my question to the experts is very simple:
After reading information in this website, I understand that to qualify under the H4H program, mortgage payments need to be on time and I have to prove that over 31% of my salary goes to mortgage payments, both requirements I have done so to this day but what else is needed to qualify and when do we expect to see the H4H program rolling?
