Have any of you applied already for the American Loan reassessment? I don't need particulars - (NOMB) I called my mortgage company yesterday and they said that OMG this was hysterical - I am 2% above the limit for consideration. That you have to be 31% income to expense ratio. Here's what is getting me confused. IF I were frivilous with my expenses - which I'm not..but if I were? I would be rewarded. If I spent boatloads of money on clothes (I shop Goodwill) If I spent money on a gardener and lawn care (I do my own) If I spent money to have someone fix my car (Um - I turn a wrench when I can) and if I just bought all the groceries I wanted (I budge and buy Angelfood ministries) - I would have qualified like that (snaps finger) I went into work today - We're being cut back on hours. I called the mortgage Co. Told them - and NOW I qualify. OMG - I got cut ONE day - so for one days wages I qualify to have my mortgage reduced by nearly $150 - $200 a month for the life of my loan? And if/when my hours resume my loan will STILL stay the same? Just probably add on a couple years? But I can STILL Take the money I'm saving on the monthly payment and put THAT towards the principal and pay my mortgage off in 1/2 the time? If this is the case then WHY didn't someone do this in the FIRST place and allow me to pay off my 30 year mortgage in 15 years. OR allow me to make the necessary repairs to my home 10 years ago instead of living in unfinished hades? Can anyone explain this? OHhhhhhh and because of being cut the 1 day? I ALSO qualify for the weatherization assistance progam - for free insulation, heatpump - etc. AND LIHEAP... INCREDIBLE - I'm giving up 1 day a week and will now get hundreds...THIS is why this country is in such dissaray.