What should I do?
I bought my house..Not having very good credit...my lender set us up saying that we could...refinance in a couple of years. Before the balloon payment.....but due to the market...By next may I will have the balloon and loose my home......I have no problem with the payment.....just need to fix this....Ive called different lenders and they say that i cant refinance.....I just dont know what to do.....The stress of this home is hurting our relationship so much...I want to keep paying and my husband just wants to give up...We have put all of our money into this house. We reallyldont want to work on it anymore if we are only going to loose it...
Can you tell me where your home is located? And also, who is your current lender?
good evening...when did you buy your home?...bob mcclure- success mortgage partners- plymouth, michigan........
Have you tried talking with your own lender now? I know a lot of lenders won't work with a home owner until they are behind, but it's worth a shot now to at least try - you may be surprised! Don't hesitate to say that "now you have a performing loan" (meaning it's still current) "but if you don't work with me, it will turn into a non-performing loan next May when the balloon occurs". They may tell you that you have to wait until THEN to ask for a loan modification.... Best of luck!
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