Refinancing Home Mortgage
In: Mortgage Loan
18 Nov 2010I have a first and second loan on my house. The second loan payments take me (use $ 250K, but I paid 50K sum 2 years ago when I was in a better financial position) at $ 900 interest on a credit line of $ 200,000.
For the last 2 months I have not managed to make my payments on the second. They said if they would refinance the interest and principal payments, so that the payment would be higher, which would not help me. Well, I’m afraid they will become property of the hotel guests. My credit is not good enough to refinance, and the value is not high enough to sell, and I am not entitled to a change. Do you know how long it will take if he does not rule out the payments on the second for them? Although I may no longer make payments on the first, because they take my house?
You need to talk to a mortgage broker and see if you qualify for bankruptcy.
This is about mortgage information questions.
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