threecrazykids
DIS Veteran
- Joined
- Feb 6, 2007
Has anyone done this? As I'm sure you can search and find in some previous posts my DH and I are really struggling to make ends meet. I took the advice of meeting with CCCS and was very surprised at how quick they were to bring up the big BK word. Now...don't get me wrong...I'm sure by looking at our scenario that's an option, but we are going to try to do everything we can to prevent this.
We are NOT behind on any credit card payments OR mortgage payments etc, but feel it's just a matter of time before something happens. DH commission has been slowly dropped over the course of the last 2 years...but dang it we've hung on so far!
During the counseling session we went over what our interest rates would drop to etc if we got on the CCCS plan. Then...after the fact, in the process of researching all the alternatives to bankruptcy I came across the new Obama Mortgage Modification/Refinance information.
First off...I'm sort of pissed off that this option didn't even come up during our 2 hour meeting with him...not because we would/wouldn't qualify but just the fact that it never was discussed as even looking into it...but that is here nor there (I called him today and he's looking into it to see if we qualify)
Has anyone ever renegotiated the terms/rates/payments on their mortgage? We have our first mortgage and of course the dreaded second mortgage (HELOC) which was a STUPID move about 2 years ago when things with our finances were sitting much better than today.
I'm just curious...know anything about it? Good/bad...etc?
We are NOT behind on any credit card payments OR mortgage payments etc, but feel it's just a matter of time before something happens. DH commission has been slowly dropped over the course of the last 2 years...but dang it we've hung on so far!
During the counseling session we went over what our interest rates would drop to etc if we got on the CCCS plan. Then...after the fact, in the process of researching all the alternatives to bankruptcy I came across the new Obama Mortgage Modification/Refinance information.
First off...I'm sort of pissed off that this option didn't even come up during our 2 hour meeting with him...not because we would/wouldn't qualify but just the fact that it never was discussed as even looking into it...but that is here nor there (I called him today and he's looking into it to see if we qualify)
Has anyone ever renegotiated the terms/rates/payments on their mortgage? We have our first mortgage and of course the dreaded second mortgage (HELOC) which was a STUPID move about 2 years ago when things with our finances were sitting much better than today.
I'm just curious...know anything about it? Good/bad...etc?