Posted on: 11th Aug, 2010 10:37 am
I have a 1st at $127k and 2nd at $27k. I can make the first but the second is really getting tough due to a layoff and now a reduced wage job. What would happen if I stop paying my second. I'm in Wisconsin, and need some advice.
What's the value of your home? What are the current interest rates on your loans? You might be able to consolidate both loans at a lower interest rate. That might be able to help make it easier.