Asked by Mike Olesen, • Tue Nov 20, 2007
My home mort is 866k and the value is ~700K. I have spoken with my lender, who only a mortgage servicer. They do not refinance. They have taken my application for a short refinance but are requiring me to find a mortgage lender. I have gone to 6 or 7 so far and knowone is willing to work with me. They are not aware of a short refinance and my credit has fallen into the low 600's. I need some help finding a lender who will work with me. Maybe hard money could be an alternative until I can try to refinance the house with the current value rather than the upside value to loan I currently have. I have been under a 20% pay cut for the past 6 months with no end in site. I have been current with my mort. pmt thru Oct but this month I will be short $2000 on a $6100 payment. Please offer whatever suggestions you might have.
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