Posted on: 08th Nov, 2011 03:53 pm
hello!
years ago we took out a 125% second mortgage on our home. the payments on the second are stifling at 1241 and 14.25apr.
our credit is poor and no lender will work with us to refinance the two into one.
we are now in a position where we have approx. 15% equity in the property and were wondering what the chances would be of refinancing just this oppressive second?
also, who has had experience with irwin home equity or green tree servicing?
we appreciate any thoughts you folks can share
years ago we took out a 125% second mortgage on our home. the payments on the second are stifling at 1241 and 14.25apr.
our credit is poor and no lender will work with us to refinance the two into one.
we are now in a position where we have approx. 15% equity in the property and were wondering what the chances would be of refinancing just this oppressive second?
also, who has had experience with irwin home equity or green tree servicing?
we appreciate any thoughts you folks can share
Hi pistolpakinchick,
As you have a bad credit, it won't be possible for you to refinance the mortgage. Unless you have the required credit none of the lenders will be ready to offer you a loan. Though I don't have a personal experience working with Green Tree, you can check out the given page to know more about them: "http://greentree-servicing.pissedconsumer.com/"
Thanks
As you have a bad credit, it won't be possible for you to refinance the mortgage. Unless you have the required credit none of the lenders will be ready to offer you a loan. Though I don't have a personal experience working with Green Tree, you can check out the given page to know more about them: "http://greentree-servicing.pissedconsumer.com/"
Thanks