I have a horrible loan, 11.65% 3809.10 a month payment. I have made every payment on time. Its a high payment and we struggle making it but we do. When the interest rate adjusts they said the interest will go up to 14%. I have tried to refinace but can only do it in my name. Credit score is 600, can't prove income even though together we make over 100 k a year.. Loan is at 361,000 and I don't know what it's worth now. I am guessing about 400,000.. Is there anything I can do? I tried a loan modification but they said no that we can afford the payments.. Its such a struggle each month... When we got the loan the lender said do it for 6 months, make good faith ontime payments then we can get a lower interest rate.. Well now we can't and I need help...
2007-12-19
07:06:09
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2 answers
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asked by
boohoo1964
3
in
Renting & Real Estate