Posted on: 15th Jul, 2011 02:41 pm
if my mortage is 2 months behind is it possible to refinance if i can catch the payments up
Most lender will require only 1 mortgage late in the last 12 months. Is it a rolling late, or are you 1x60, meaning you have missed 2 consecutive payments???
Welcome that70schic,
You've mentioned that you're 2 months late on your mortgage payments. In such a situation, I don't think any of the lenders will be ready to refinance your exiting mortgage. Lenders will want you to be current on your mortgage payments and have at least 20% equity in your property in order to give you a refinance.
You've mentioned that you're 2 months late on your mortgage payments. In such a situation, I don't think any of the lenders will be ready to refinance your exiting mortgage. Lenders will want you to be current on your mortgage payments and have at least 20% equity in your property in order to give you a refinance.
