Posted on: 11th Aug, 2009 03:36 pm
I'm self employed. i been in my home since 2001 and refinanced in 2004 at 4.875 from 7 and 30 to 15. My current payment is 1600 pm and have 10 years left. Now with wife and kid and business has suffer. my end meet just cover the expense. i want to reduce my monthly payment until my income are stable again but my docs won't qualify me. i owe about 112k and my home worth 300k. What type of program is available for me? never late and good credit.
kman6971
Welcoem to the forum
You haev very good interest rate
What you cna do is call your lender and explin your situation and see if they do loan modfication for you aldo help dely the payments
Also write financial hardship letter to lender explaing them yoru situation.
You can fidn a sample hardship letter on this forum,
http://www.mortgagefit.com/problems/hardship-letter.html
Good luck and feel free to ask
Welcoem to the forum
You haev very good interest rate
What you cna do is call your lender and explin your situation and see if they do loan modfication for you aldo help dely the payments
Also write financial hardship letter to lender explaing them yoru situation.
You can fidn a sample hardship letter on this forum,
http://www.mortgagefit.com/problems/hardship-letter.html
Good luck and feel free to ask