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Buying are Trailer?

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Icon Mini Profile mrsvinzant523





Joined: 17 Sep 2009

Posts: 1

1.00 Dollars($)
Post Posted: Thu Sep 17, 2009 12:48 pm    Post subject: Buying are Trailer?
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me and my husband are buying a trailer home for $8000.00 dollars and we only make a 200.00 payment each month and it seems like with all these bills that it is making it harder for us on top of we have three kids, i was just wondering if i could get anytpye of help with are situation?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10155
Location: Nevada
943.05 Dollars($)
Post Posted: Thu Sep 17, 2009 7:40 pm    Post subject:
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Hi mrsvinzant,

If you are afraid that you would be delinquent on your mortgage payment, then you should contact your lender and apply for a loan modification. If the lender is convinced about your financial crisis, he would accept your offer. As a result you would get a lowered interest rate to pay off the dues. However, just remember that your loan term would get increased in this process.

Thanks
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