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REFINANCING WITH A CO-SIGNER Help!!

This is a topic titled REFINANCING WITH A CO-SIGNER Help!! made in the Mortgage Talk section, belongs to our Mortgage Chat category; I have a mortgage of approximately 148,000 and a 2nd loan for 15,000. My house is worth about 170-175,000. I am currently paying a mortgage of ...








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Old September 12th, 2008, 11:25 AM   #1
Mike
Senior Member
 
Registered: Apr 2008
Posts: 1,497
Default REFINANCING WITH A CO-SIGNER Help!!

I have a mortgage of approximately 148,000 and a 2nd loan for 15,000. My house is worth about 170-175,000. I am currently paying a mortgage of 1368,00 with a interest rate of 10 plus%. I know this so high. I am trying to refinance my loan by getting a loan with somebody who has good credit. I do not have good credit, no judgements or anything but I do belong to a debt counseling co. I am always on time with my Mortgage... I just want to get my payment lowered I know I will be paying a high interest. We applied to get in refinance and waiting to hear if it is approved..If i am able to make this payment of 1368 each I would hope they would approve the loan. If they don't what else could we do... I need to get this payment lower. I am just throwing my money away each month...
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