How can I get my monthly payment LOWER.

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Icon Mini Profile paskounis1




Joined: 16 Mar 2009

Posts: 1

1.56 Dollars($)
PostPosted: Mon Mar 16, 2009 5:06 pm    Post subject: how to lower my mortgage payment so i do not lose my house

how to lower my mortgage payment so i do not lose my house lost my job after 25 years ...need help so i do not lose a house that i have livid in all my life born in this house. parents only owners . lost my job my wife does not make that amount of money to cover mortgage HELP!!!!!!!!!!!!
Icon Mini Profile eric1

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Joined: 04 Jan 2009

Posts: 1130

169.13 Dollars($)
PostPosted: Mon Mar 16, 2009 5:48 pm    Post subject:

You need to see if you can get your bank to modify your loan so that your payment is lower.
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Icon Mini Profile smithsussane
smith.sussane



Joined: 18 Sep 2008

Posts: 3627
Location: Alaska
541.91 Dollars($)
PostPosted: Mon Mar 16, 2009 7:47 pm    Post subject:

Hi paskounis!

Welcome to forums!

I agree with Eric. Loan modification is the best option for you in order to save the property. You can write a hardship letter to your lender explaining your situation and check if he can modify the loan for you.

Feel free to ask if you have further queries.

Sussane
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