freddie mac standard Modification – October 2, 2017 – Please note that Servicers are no longer able to evaluate borrowers for Freddie Mac Standard and Streamlined Modifications. Last December, we announced the Freddie MacFlex Modification®, which offers you an easier, flexible way to help borrowers qualify for a loan modification.
Front-End Ratio. Typically, lenders cap the mortgage at 28 percent of your monthly income. To determine your front-end ratio, multiply your annual income by 0.28, then divide that total by 12 for your maximum monthly mortgage payment.
Habitat for Humanity ramps up mortgage loan program – To double its homeownership goals, the nonprofit is using a new tool: a mortgage program aimed at helping those who want to buy an existing house but who don’t earn enough to qualify for a traditional.