Hi Viola,
Welcome to the forum.
I think your best option is to inform your lender about your problem and consult with him to see whether he can give you some solution for it. Can you let us know the interest rate of your present mortgage? If it is too high then you can ask for loan modification.
If your lender cannot help you out then you can shop for lenders to refinance the present mortgage.
Feel free to ask if you have any further questions.
Best of luck,
Larry
Welcome to the forum.
I think your best option is to inform your lender about your problem and consult with him to see whether he can give you some solution for it. Can you let us know the interest rate of your present mortgage? If it is too high then you can ask for loan modification.
If your lender cannot help you out then you can shop for lenders to refinance the present mortgage.
Feel free to ask if you have any further questions.
Best of luck,
Larry
what is your credit score like??
Hi viola,
Welcome to the forums.
Did you have a talk with the lender ever since you're late? I guess he's the right person to help you out with some work out options like loan modification or alternative repayment plan instead of a refinance. However, I'm not sure as to how poor your credit is. Therefore, I guess refinance can be an option only if you don't get a suitable loan modification or repayment plan to help you out of this situation.
A similar issue on bad credit refinance has been discussed at a previous thread. Please go through it to find more on this issue.
Take Care
Welcome to the forums.
Did you have a talk with the lender ever since you're late? I guess he's the right person to help you out with some work out options like loan modification or alternative repayment plan instead of a refinance. However, I'm not sure as to how poor your credit is. Therefore, I guess refinance can be an option only if you don't get a suitable loan modification or repayment plan to help you out of this situation.
A similar issue on bad credit refinance has been discussed at a previous thread. Please go through it to find more on this issue.
Take Care
Call your current mortgage lender and ask that they work something out with you. Many lenders will temporarily reduce your mortgage payment in cases involving loss of income. This should be your best option.