- This topic has 7 replies, 3 voices, and was last updated 10 years, 1 month ago by Anonymous.
- February 22, 2011 at 2:40 am #413734AnonymousInactive
The key thing is to contact your lender and negotiate. If your payments are too high for you, they may be able to re-write your note. Many mortgage company’s have gone belly up as of late because of massive foreclosure. Many are willing to help you out rather than foreclose. Be patient, though. Many mortgage company’s have done massive lay offs, and you may have a bit of a delay getting to talk to somebody at that company.
- February 22, 2011 at 3:16 am #413735AnonymousInactive
sorry , todays mortgage market is rough.
u Might get them to allow it but don’t hold ur breath.
as for catching up, suggest budget, cut everthing extra, sell anything of value not blood related, everyone over 16 yrs gets second jobs.
these are valid ways to catch up.
visit dave ramsey.com to learn the hard lessons coming to u from others mistakes.
- February 22, 2011 at 3:21 am #413736AnonymousInactive
It’s possible. It depends on the lender.
You also have to bring something to the table. Can you show the lender that you will be able to make all of your payments on time in the future.
- February 22, 2011 at 4:03 am #413737AnonymousInactive
Call them tell them you don’t want to loose your house. They will help.
Take any kind of job you can just to make ends meat. in till you can find the job you need.
- February 22, 2011 at 4:43 am #413738AnonymousInactive
In our paper today there was an article that stated that some of the large banks are going to extend the grace period for another 30 days, for total of 120.. They are also going to send out notices to delinquent customers that they want to help refinance their loans at affordable payments. Citibank, Wash Mu.. are just two that joined this movement. Check
- February 22, 2011 at 5:12 am #413739AnonymousInactive
Let’s see. You can’t make your payments on your current loan, and you think another lender will take a chance on you ? It’s not going to happen.
- April 17, 2011 at 2:16 pm #199318AnonymousInactive
and me credit score is low? I am $36,000 in debt, currently make about $970 a month in payments and have never missed a payment. Can’t find anyplace that will give me a consolidation loan because my debt-to-income ration is too high and me credit score is low because of the high balances. Any suggestions? I have tried prosper.com with no luck…..
- May 8, 2011 at 6:12 pm #268326AnonymousInactive
You may find someone that will give you a loan – they will probably charge more than normal because of your current score. If you have a relationship with a financial institution, try the bank manager there first, explain your situation – they (Bank Manager) sometimes have some pull with their credit departments. If they will not consolidate all the loans, then try consolidating the ones with the highest rates, then balances. You then use the ‘extra’ money to pay off the highest rate smaller balance first, and so on.
I’m available if you would like more guidance – you can contact me.
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