_By eliminating the 2nd lien a homeowner may be able to –
1- Refinance with Lower Debt To Income (DTI) Ratio
2- Qualify for loan mod with reduced debt
3- Use in conjunction with a loan modification or HARP 2.0
4- Sustain mortgage payments by only having the first mortgage without added burden of large second mortgage.
1- Refinance with Lower Debt To Income (DTI) Ratio
2- Qualify for loan mod with reduced debt
3- Use in conjunction with a loan modification or HARP 2.0
4- Sustain mortgage payments by only having the first mortgage without added burden of large second mortgage.