Question
Lower monthly mortgage payments?
I recently refinanced my home so I could rebuild, but the contractor took the money and ran. He was recently indicted. Further, I recently lost my job as well, which makes it even harder to pay the higher mortgage payment. I've attempted to contact my banks, but they just give me the run around and don't help. Is there a way I can lower my mortgage payments, at least temporarily until I find another job?
2 years ago - 6 answers
Best Answer
Chosen by Asker
I have heard that you can call your mortage company and negotiate a bit. If the bank is holding your mortage and being unresponsive, I would call the President of the bank.. The President will not deal with this but it will get you to a person high enough to negotiate.
2 years ago
Asker's Rating: 
Other Answers
I feel so sorry to hear about that. I wish I can say that there is way to lower your mortgage but there is none. A lot of loan company said that 1.5%, 1 1/4%, cut your mortgage in half, and etc... But all of them are very risky, because you will have to pay much more in the future and principle will get larger. If you think lowering mortgage in only way, then learn the risk from loan officer. Also, go to google type risky mortgage to find detail information about mortgage. Must know about penalty amount and penalty period. Try to learn as much as possible, this way you will be able to save a lot of money and avoid from scam.
by sky88jota- 2 years ago
Check out the free evaluation form at www.totaldebtsolutionsllc.com They have a network of loan officers that may be able to help you. Good luck.
by CALIFORNIA GOLD- 2 years ago
I can refinance you for a 40 or 50 year mortgage. If you're interested contact me sometime.
by Phil H- 2 years ago
Refinancing is the best way to go. Send me an e-mail and I will see if I can help you.
by Amber J- 2 years ago
You may get some tips regarding mortgage here homeloans ...
by Roxxy N- 2 years ago