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Refinancing while on disability

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novapink Joined: 31 Jul 2006 Posts: 1 1.16 Dollars($)	Posted: Mon Jul 31, 2006 6:45 pm    Post subject: Refinancing while on disability I am on disability and my mobile home payments take over half of my monthly checks. I desperately need to refinance in order to lower my monthly payments. Can you point me in the right direction?
Caron Moderator Joined: 19 Jul 2005 Posts: 1411 Location: florida 236.76 Dollars($)	Posted: Mon Jul 31, 2006 8:24 pm    Post subject: RE: Mobile home refinance Hi, Welcome to the forums. You can refinance and lower your monthly payments. But you should replace your current mortgage with that having a 2% lower rate; otherwise you won't benefit from refinancing. Our resources on Refinance can give you a complete knowledge of the process. I would also like to mention that in order to pay off the mortgage, you can also use Mortgage Disability Insurance provided you have earlier applied for the policy. Thanks, Caron.

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