Borrower Affordability Attestation

Borrower Affordability Attestation

Borrower Affordability Attestation refers to the Borrowers’ affirmation that the Borrower can make the offered monthly Mortgage Payment under the Permanent Home Retention Option and they will not be eligible for another Permanent Home Retention Option, which may provide additional payment reduction, in the 24 months following the execution of the offered Permanent Home Retention Option, except for a PDMDA.