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High rate 2nd mortgage

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pistolpakinchick Guest	Posted: Tue Nov 08, 2011 4:53 pm    Post subject: High rate 2nd mortgage Like 0 Dislike 0 Hello! Years ago we took out a 125% second mortgage on our home. The payments on the second are stifling at 1241 and 14.25APR. Our credit is poor and no lender will work with us to refinance the two into one. We are now in a position where we have approx. 15% equity in the property and were wondering what the chances would be of refinancing JUST this oppressive second? Also, who has had experience with Irwin Home Equity or Green Tree Servicing? We appreciate any thoughts you folks can share _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Nov 09, 2011 7:37 pm    Post subject: Like 0 Dislike 0 Hi pistolpakinchick, As you have a bad credit, it won't be possible for you to refinance the mortgage. Unless you have the required credit none of the lenders will be ready to offer you a loan. Though I don't have a personal experience working with Green Tree, you can check out the given page to know more about them: "http://greentree-servicing.pissedconsumer.com/" Thanks

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