stuck in debt,paying 2 mortgages just got a new car,no equity in home paying on time how can i refinance?

Asked by Marie Myers, El Dorado, AR Wed Aug 6, 2008

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Chris Rix, Agent, Hot Springs, AR
Mon Aug 11, 2008
Where are your houses and why are you paying two mortgages? Let's evaluate this house situation. Is it a first and second mortgage, or has something not sold? I need more info from you.
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The Hagley G…, Agent, Pleasanton, CA
Wed Aug 6, 2008
The new legislation passed by Bush, which takes effect Oct 1, may help you. Read more about it at the link beow. Have you consulted a service like Consumer Credit Counseling? They may help you get on a budget, work with creditors, and get your spending under contriol. A new car purchase may not have been a smart move - since new lose 25% or so in value the moment you drive them off the lot. Next time, consider a certified pre-owned'll save a ton of money.....and body styles don't change all that frequently.
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