Asked by Elliot Matyas, Cheltenham, PA • Wed Mar 3, 2010
equity LOC that equal the above ammount. The house is currently on the market but I would love to keep it if I can find a way to do so. Ideally I would like to find a way, interest only or some other method, to get the payment lowered for 2-3 years and rent the property while I put life back together. On top of it all I have had my income cut in half over the last year and credit score is an issue.
Everyone has heard of the miracle programs that allow you to pay 400 bucks a month on a 300k loan...Im not looking for pie in the sky BS but I am hoping there are options for people that are going through bad s#*t and figured this was a good place to get real answers/suggestions etc.
Please if you are a snake oil seller or BS artist don't bother! Im just a guy trying to not lose 30k on a home and find a way to stay close to my four month old daughter. Greatly appreciate any help and taking the time to read my rather long winded question.
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