I need a refiance, after bankruptcy 13

hi sista6thom,

you've mentioned that you're in a process of loan modification. if your modification is accepted, then the lender will lower your interest rate and increase your term of loan payment. so you won't require a refinance.

if you are not interested in a loan modification and want to refinance the property, then you'll have to apply to the lender about it. it would be the lender's discretion whether he would accept or reject it.

thanks

I was told today that my mortgage company will not modifiy my present loan, I have spent the last 4 years paying on my house(in for 10 yrs)in banktuptcy 13, because of high bills and a bad divorce. Now that I am unemployed and still have paid since Nov. (on unemployment) I can't get any help for the mortgage holder. And they say that people are just walking away from their bills. maybe we should go back to the cow boy days and camp out on the range. Where are those banks that are working with people the government modification crew

Hi Guest,

Did you inform the lender about your financial situation. In my opinion, you should write a hardship letter to the lender. Inform him about the financial crisis that you are going through. If you can explain your situation clearly, the lender will accept your loan modification request.

Thanks