Sorry for this Countrywide person, and I really hope you get things worked out, but I'm enjoying the comments between these 2 people posting.....so I did the math: At $54k per year (after tax you'll probably bring home $3,400 per month assuming you're paying taxes...YOU ARE PAYING TAXES AREN'T YOU?!?!?). Now subtract the following: -2098 mortgage on $350k house -133 property taxes (estimate) -120 home insurance (estimate) -175 elect. (utilities) -35 water/sewer -100 cable/internet -100 car insurance (if 2 cars) -400 groceries -200 car gas -750 medical insurance (family of 3) -360 spending (only $90 per week for a married couple = one dinner date, and 2 lunches) -1,000 GRAND TOTAL LOSS per month He guy making $54k and living in a $350,000 mortgage.....I think you're in trouble and may be the next one calling the lender asking for a favor. According to my math you're in the negative almost $1,000 per month. I agree with the lady....you're either telling one fat lie or you're into something that we don't want to be. I should've thrown some cost for childcare in there assuming you had children since you're living in such a big house....which would've tossed you way into the red).