Real estate blog entries tagged with loan rate going up cant afford my mortgage by Kasama A Lee (Lea Pannell Realty)

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Home : Blogs : Kasama A Lee : Kasama A Lee's Blog : Tag "loan rate going up cant afford my mortgage"

loan rate going up cant afford my mortgage: My Loan Is Due to Adjust...I Won't Be Able to Afford My Mortgage..What Do I Do? - 11/05/07 03:10 AM

If you're in a situation where your loan rate is adjusting to an incredible amount where you won't be able to afford your mortgage. Here are a few things I would suggest:
1) Contact your lender directly (the 800 number that's on your monthly mortgage statements) and explain to them your hardship. Tell them what is about to happen if they don't help. I've heard of many lenders now who are willing to work with you and may extend your current loan rate by a certain amount of time.
2) Contact your mortgage broker, this would be the person who got you this loan … (2 comments)

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Kasama A Lee

American Canyon, CA

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Lea Pannell Realty

Cell Phone: (707) 567-1049

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