Debt Ratio for Income/Loan Modification

[877YouKeep]

Hello all,
I have a question about income for a loan modification. I have 2 grown sons who still live here and they help pay what they can afford a month and we put that towards the house note. My question is, when they ask on the financial papers for other income should we add that? I was reading where the debt/loan/ratio can't be that good(and ours isn't great) and am wondering if reporting that would hurt or help us?
I thought it would help us but after reading this, it may not?

[877YouKeep]

Debt to income ratios are not important, whether or not you can afford the house is the real question. You can use your sons income and they just need to write a letter of contribution. If you make too much money though they will put you on a repayment plan rather than a To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.. To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.