Posted on: 04th Mar, 2009 06:56 pm
my husband hours have been drastically cut at work he cannot find full time employment. and we cannot afford our mortage payment, our lender is unwilling to work with us. can we move our mortage to a different lendere for a lower rate
hi ctschann,
if you are current on your mortgage payments and if your credit and income is good, then you can try to refinance the mortgage with another lender. you can speak to the lenders of your area and check out the rates and terms with them. if you feel that the rates are affordable, then you can refinance the mortgage.
you can also seek a no obligation free mortgage consultation from the lenders of this community. it will also help you in getting a fair idea of rates that you may receive once you refinance.
thanks
if you are current on your mortgage payments and if your credit and income is good, then you can try to refinance the mortgage with another lender. you can speak to the lenders of your area and check out the rates and terms with them. if you feel that the rates are affordable, then you can refinance the mortgage.
you can also seek a no obligation free mortgage consultation from the lenders of this community. it will also help you in getting a fair idea of rates that you may receive once you refinance.
thanks
In one condition you can go for the refinancing the mortgage if you have
enough equity on your home.so it won't take lots of your time finding a good
quote for refinancing.
remember that refinancing is possible only if you have a good payment track
record.As many of the new lenders look for the repayment capability of the
borrower and the only deciding criteria is past record which plays a major
role of about 35% while deciding or restructuring the loan amount. thanks :wink:
enough equity on your home.so it won't take lots of your time finding a good
quote for refinancing.
remember that refinancing is possible only if you have a good payment track
record.As many of the new lenders look for the repayment capability of the
borrower and the only deciding criteria is past record which plays a major
role of about 35% while deciding or restructuring the loan amount. thanks :wink:
ctschann, your ability to qualify for a new mortgage is going to be primarily determined by your income versus obligations, your credit, etc.
you can certainly seek out another lender, but there's no guarantee, of course. by all means, shop around.
you can certainly seek out another lender, but there's no guarantee, of course. by all means, shop around.
