Wednesday, November 23, 2011

Refinancing if your late 3 months on your 2nd mortgage?

Hello,





Are there any mortgage companies that will do a refi if your late 3 months on your 2nd mortgage? Thank you for your time.Refinancing if your late 3 months on your 2nd mortgage?
it will be hard == would you loan money to a person that will not pay their bills!!!!Refinancing if your late 3 months on your 2nd mortgage?
It will be really tough. You need to contact your lender and explain your situation; most likely they will be willing to work out a payment plan that would allow your past dues to get current, and keep your credit rating from getting worse. Don't fall for any adjustable rate mortgages offered by preditory lenders.
A hard money lender would do it if you had plenty of equity and were willing to pay an ungodly interest rate.

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