mortgage advice

iVillage Member
Registered: 03-28-2008
mortgage advice
5
Thu, 04-16-2009 - 11:20am

I need some advice on our mortgage payments.....


With my work being cut to part-time for the last year, and Dh's recently cutting out all overtime plus doing one week layoffs every couple of weeks our income has taken a drastic hit.

iVillage Member
Registered: 10-01-2008
Thu, 04-16-2009 - 1:38pm

My son & his wife are refinancing because his income is lower this year also.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 11-17-2007
Thu, 04-16-2009 - 2:50pm

many times banks will row into the new amount the fees if they know it is a matter of you keeping your house payment on time.

iVillage Member
Registered: 03-28-2008
Fri, 04-17-2009 - 1:09am

I guess it won't hurt to ask our lender and see what they have to say or to check around and see what the possibilities are for us.

iVillage Member
Registered: 03-28-2008
Fri, 04-17-2009 - 1:16am

I'm sorry, I'm confused... I think *lol* I hate it.

Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Fri, 04-17-2009 - 8:20am

You can call them and ask, however, I wouldn't be very hopeful they will do anything for you.


Of course, with all the new things that have happened in the economy maybe things have changed.


I know back in 2003 when DH lost his job