Hi. I am currently tiring to take out a mortgage on my home to pay off some bills, etc. My x husband left me in so much debt that my credit is completely ruined. So far the only offer I have is for a $55,000 at 13 percent interest.
Recollect carefully! That is an extremely high interest rate, plus you will be exchanging unsecured debt for secured in dire straits (your home, which will be at risk).
jlf | Dec 03, 2008
Entertain the idea carefully! That is an extremely high interest rate, plus you will be exchanging unsecured debt for secured indebted (your home, which will be at risk).
src50 | Dec 03, 2008
how to refinance a mortgage with bad credit?
Apr 13, 2010 by tiggergurl | Posted in Renting & Real Estate
my mortgage co wont mitigate me (gmac) i dont have good credit at all..i have had a few late payments..just had a baby..i dont get paid that much and my husbands employment is slow.. i just want to refi!! no cash out..house is worth approx 70K owe about
Hello, don't despondency. There are millions in the same situation.
Before you decide to foreclose, what's the market rate rent in your neighborhood? If it's significantly cheaper than your stylish mortgage plus property taxes, I can understand
Jin H | Apr 14, 2010
i dubiousness anyone can guide you on that; since you are not qualified. AT this time.
an alternative could be to sell Part of your house to an investor.
[with a buy back clause]
kemperk | Apr 13, 2010
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