Posted on: 13th Feb, 2011 12:42 pm
I am not going to be able to make this months mortgage payment. I am always on time. I have an 80/20 loan through BOA. I was wondering if BOA would let me use equity from my 20 loan to cover this months mortgage payment without hurting my credit?
Hi cubsfan,
You'll have to speak to BOA in this regard and take their opinion. It will be the discretion of BOA whether or not they will allow you to use the equity to cover the mortgage payment for this month.
You'll have to speak to BOA in this regard and take their opinion. It will be the discretion of BOA whether or not they will allow you to use the equity to cover the mortgage payment for this month.