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need a loan that i can afford like 560 per with tax and insurance

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lecyoj Joined: 23 Oct 2008 Posts: 1 1.33 Dollars($)	Posted: Thu Oct 23, 2008 8:20 am    Post subject: need a loan that i can afford like 560 per with tax and insu Like 0 Dislike 0 my sons home is thru country wide but and it is 1152 and my mother and father have helped me but there must be some thing that he can afford, because we have a life need to refinance, it is nice home and i hate to loose it he put alot of money into it before he took out a loan--then everythin ha s gone wrong---i hate to see gov take it
smithsussane Joined: 18 Sep 2008 Posts: 10045 Location: Alaska 921.83 Dollars($)	Posted: Thu Oct 23, 2008 8:33 pm    Post subject: Like 0 Dislike 0 Hi lecyoj! Welcome to forums! Have you spoken to the lender about the refinance option? If not, you can speak to the lender. I think the lender will agree to it if the mortgage is 7-12 months older. Feel free to ask if you have further queries. Sussane
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Sat Oct 25, 2008 5:08 pm    Post subject: Like 0 Dislike 0 The payment will be based on how much he owes not how much he can afford. If he cannot afford the payment and a refi into a new loan that he can afford is not possible then he will need to look at selling? Good Luck Brian _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com
tim1 Joined: 25 Oct 2008 Posts: 5 Location: Rockville, MD 2.84 Dollars($)	Posted: Sun Oct 26, 2008 8:53 am    Post subject: How far behind is he on the loan? Like 0 Dislike 0 Depending on how far he has fallen behind, there is an outside chance that he could refinance. It is a little difficult to make that assumption without knowing how bad things have become. Contacting the lender is a good option. _________________ Tim Marose VP Residential Lending Nationwide Mortgage Services www.tmmortgagegroup.com

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