What if I can’t do a mortgage refinance???
April 16th, 2008
Oh woe is me….I got one of those crazy mortgages on my house. The rate was great and I just figured that when the interest rate went up that I’d be making more money. My company has had layoffs and cut backs. I had been promised a bonus that never happened and now I am told I don’t qualify to do a mortgage refinance. Based on the fixed rate loans I don’t make enough money to get one of those and even the adjustable rate loans are now even higher then the fixed rate ones. What is a person to do?
Entry Filed under: Business
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