Posted on: 26th Aug, 2009 10:55 am
The interest rate on mortgage is extremely high - 12.3% - I would like to get the interest rate down, the payment is getting very difficult to make on time. The value of the home is no where near where it was when we refinanced and now no one will touch it. Any suggestions on what i might be able to do? I have already contacted my mortgage company but all they said to do was fill out a hardship application and they would get back with me - they didn't offer any type of solution.....
until they get your hardship application, they can't tell you what they can do for you. that's just the nature of the modification business. send them your application and support all your claims and see how that goes.