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Brenda, Home Seller in Florida

My mortgage just adjusted 5/1/2008. I tried to refinance in April but after appraisal came in at 60k lower

Asked by Brenda, Florida Wed May 14, 2008

than what I owe I was told I could not refinance. I do have some lates 30 day roll my fico has gone down to low 600 now. my new rate with countrywide is 10.875. The only reason I refinanced in the first place was to repair after hurricanes as my insurance company did not pay out very well. Is there anyway to save my house without paying $2500 a month for mortgage

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Brenda....

Go back to countrywide and renegotiate with them on the interest rate for a rate reduction. It would be important to use them as they have the existing loan. They do not want the property back. Good luck.
0 votes Thank Flag Link Wed May 14, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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