Mortgage Help

Talk to your mortgage company and let them know what is going on. They are supposed to be refinancing per government order so people like you do not lose their homes.

Go to Consumer Credit Counseling at www.cccsstl.org and no one else. CCC is a nonprofit that has proven itself over the past 30 years. They have an excellent rating from the Better Business Bureau. They are great. I repeat: DO NOT TRUST ANYONE ELSE. Others will rip you off.

Call your lender and get a loan modification. I believe its a law now that they have to try and work with you. Good Luck

Talk to your current lender about the "Making Home Affordable" program. It's a government backed program to modify your existing mortgage so that it's 33% of your income. We're currently in the process now, and our mortgage has been reduced by over $500 a month. Your credit does not affect eligibility. When you call your company, ask specifically for that modification program. Some companies have their own program, but it doesn't always take into account your escrow or insurance. This program has saved our house!!

Visit this website.
http://makinghomeaffordable.gov

I am in the same boat. And they would not refinance my morgage.
I have been investigating debt hardship programs and there are a bunch.
There are two organizations that are watchdogs over debt companys; TASC & USOBA. The debt company is a member and these companies can audit them, check up on them, and basically make sure they are legitimate and doing what they say. I also check each company with the BBB to see what they say. It is alot of homework but worth the protection.

The loan modification is True, it does exist. The government has given mortgage companies funding to help keep families in their homes. I just completed ours today, mailed the signed papers in a FedEX drop-off. You will be requiered to write a letter stating the reason for the hardship. Just call and they should have a special department that handles loan modifications. Good Luck!

T., another option to check out for continued advice about getting on solid ground financially is Dave Ramsey (www.daveramsey.com). He offers advice for normal people who have gotten off track for whatever reason on his website, TV and radio programs every day. He also teaches how to get to a solid peaceful place with your money through local classes offered at churches; it's a series called Financial Peace University. If you listen to Dave's program for a few days you will learn a lot because a great majority of the calls seem to be about mortgage issues. The things I like best about Dave are his common sense approach to where you are right now (he's been bankrupt himself) and that he reminds us of the BASICS regarding money that we seem to have forgotten. He has helped us get back on track and stay there. Take care of yourself because I know this is a very stressful place to be. Contact me if you need more info.

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Contact your mortgage company. There are several programs out there to assist you.

If you have bad credit, then the chances of refinancing your mortgage are almost null. You should start by contacting your current mortgage company and seeing if they will work with you.

I'm sure there are other ways you can cut your expense. Maybe you should take a look at those first.

Good luck.

Don't trust the BBB unless the company has been with the BBB for years. We went with one company that had an A+ rating and after a month it had an F rating. Fortunately they were not licensed in our state so we got our money back. When you call your mortgage company, do not take no for an answer. Our mortgage company would not work with us until we stopped paying our mortgage. (We had asked for help 4 months prior but were told we did not qualify.) By that time it was too late as we got a job out-of-state and it would no longer be our primary residence. Just be persistent and keep calling and asking for another person to talk to if they say no.