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Payments are Ridiculous |
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we bought a house last year at a ridiculously high interest rate 9. something...UGH!! My brother is interested in helping us in any way possible...my husband is on the deed but I am not. HIs credit is bad since we have been late a few times with the payments. What are our alternatives? We want to keep our house, but the payments are ridiculous.we need HELP!! |
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The first thing to do when you feel there's trouble ahead is to talk with your lender. Not enough people realize how important that is, and that they should do it immediately, not waiting until things might be worse. That's the best advice I can give you. Let me know what happens; I'm interested. And in the meantime -- MAKE ALL YOUR PAYMENTS ON TIME. Do it no matter how hard it is or what else you must give up. That's the best way to start healing your credit rating, so that you won't get stuck with high rates in the future. |
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Edith
Originally published on March 2, 2008 |
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