BEST ANSWER
FIRST ANSWER
Peggy:
Probably not the best idea. With the bank in control, your best interests are no longer at the forefront. They will be looking to get their money as the primary focus. I believe it is always best to talk openly with your current lender. There may be some refinance ideas that they might have, or other programs to allow the transition.
Besides, if you get delinquent, you'll likely have a tough time buying your next home.
Honesty is the best policy - have a heart-to-heart with the bank. Best wishes!
Fri Aug 8 2008, 13:56