Mar 02
Long Story Short.....I currently own a home and am paying 2300.00 a month on my mortgage. My loan is 296,000 at 30 years, with 6% interest. I have never been late on my payment in 2 years. Our mortgage is not equivalent to more then 31% of our income. Basically we can afford it, but would like to get a smaller mortgage. I had another home that was a foreclosure and the current house is clearly not at good value to refinance. I got denied for the Obama stability plan. So.......the million dollar question::::: Is there a way to lower my monthly mortgage payment, without missing a payment? Are there any other plans out there?
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April 1st, 2010 at 8:06 pm
It really all depends on what your balance is at the time you would need for your home to appraise for at least 350,000 to 360,000 based on the 296,000 to cover all your closing cost and pre paids, insurance, tax…etc..But, if you are still in need of help. I also have a few other non profit groups I can recommend you can email me at info@crlarkansas.com or visit my website and contact me via phone http://www.crlarkansas.com