Posted on: 30th Dec, 2008 02:23 pm
I currently have a 30 year mortgage fixed at 5.875% interest. Loan amount of $186,000. We are having problems paying our mortgage each month due to my wife losing her job. Should I see about a refinance to 5% interest or a loan modification to get my payments down so I'm not constantly late.
Can anyone help!
Thanks
cc
Can anyone help!
Thanks
cc
Hi cc!
Welcome to forums!
If you have not defaulted on your mortgage payments, you should first check out the option of refinancing the loan. You can check the refinance option with your current lender or you may even consult the other lenders as well. You can even speak to the lenders of this community and seek a no obligation free mortgage consultation.
If you have already defaulted on the mortgage payments, then you can check out the option of loan modification. To know more about loan modification, check out the link:
http://www.mortgagefit.com/know-how/loan-modification.html
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
If you have not defaulted on your mortgage payments, you should first check out the option of refinancing the loan. You can check the refinance option with your current lender or you may even consult the other lenders as well. You can even speak to the lenders of this community and seek a no obligation free mortgage consultation.
If you have already defaulted on the mortgage payments, then you can check out the option of loan modification. To know more about loan modification, check out the link:
http://www.mortgagefit.com/know-how/loan-modification.html
Feel free to ask if you have further queries.
Sussane