2007-11-09 01:12:42 · 6 answers · asked by ronnie l 1 in Business & Finance ➔ Credit
ask your mortgage company for a "repayment plan" ask them for all of your options, they can help
2007-11-09 01:55:35 · answer #1 · answered by healthspot_2000 4 · 1⤊ 1⤋
The worst thing you could ever do when you are behind on a bill like a mortgage, is take out another loan. Say you do manage to get a loan and catch up your mortgage. Then, not only do you still have a mortgage payment, now you have a loan payment on top of that. If you can't pay your mortgage, how are you going to pay your mortgage AND a loan? You'll just delay the inevitable foreclosure.
What you need to do is call your lender and talk to them. They may be able to work out something so you can keep your home. Trust me, it costs a lender A LOT more to foreclose than it does to work out a plan to get you back on your feet. Good luck!
2007-11-09 09:24:05 · answer #2 · answered by KitKat 6 · 1⤊ 1⤋
Borrow from a friend, or consolidate your bills, on a low rate creditcard,
maybe get a RENTER, to rent out at 2 months security down, and rent,
total of 3,000
and then rent out another area of your home at 1 few hundred dollars per room,
again 2 months security and 1 month rent,
at 2 grand
total 5 thousand,
OR call the mortgage company and see what can be done,
Credit union might be able to help you,
If you have a GF you plan to marry, as her for the money and put her on the title
I dunno, other than, that your not in great shape
2007-11-09 09:19:13 · answer #3 · answered by Anonymous · 0⤊ 2⤋
you are in a sticky situation... you probably cant get a home equity line now... and the bank wont want to touch you with bad credit... try going to a sub prime credit card company between a few you can probably get 5k... however if you are in default and need a loan you may want to call the bank and see if they have a "scape goat program for the subprime mortgage boom" some banks like countrywide have lowered there arm rates etc to help out with the horrible forclosure scare.
2007-11-09 09:17:28 · answer #4 · answered by Anonymous · 1⤊ 2⤋
You don't. All taking out another loan is going to do is make things even worse on you.
2007-11-09 09:22:15 · answer #5 · answered by bestonnet_00 7 · 0⤊ 1⤋
i think u can still get a loan, so all u need do now is to apply for one, n if u really need one i think i can help with that.
2007-11-09 09:38:45 · answer #6 · answered by rose b 1 · 0⤊ 2⤋