Refinance my mortgage with bad credit…Help?
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My boyfriend broke up with me and the house is in my name so now I cant afford the mortgage with my income even if I was to tighten my belt I just cant do it he picked up all the slack…So i dint want to loose my house We got into loans to furnish the house and I was suspended from work without pay for two months I’m barely catching up and he left me. Help and don’t put dumb responses I need real help I have 10,000 in bad credit and need to refinance.
My credit was perfect thats how i got a house he was my undocumented income.Then we got a couple of loans to furnish the house.I was suspended from work with no pay I’m back at work now with pay its been two months
Once again I’m at work getting paid now for two months
You might want to consider a roommate(s) for right now just to have some additional cash to pay the mortgage. I dont know how good your chances of refinancing at this point are with bad credit and a lot of banks shying away from doing any risky loans.
Talk to your local bank and see what advice they have for you. They might tell you to fix your credit so getting some roommates would help you pay off that 10k in debt. If you went overboard furnishing the house you might consider selling some of that stuff. The sooner you can pay off the 10k the better. Also the break from work might work against you, especially if your HR department would volunteer that information when the company you are refinancing with calls to verify employment. You might try a part time job too.
You probably wont be able to refinance now. Get a room mate and work on your credit while this person is paying you rent. You don’t want to lose your house to foreclosure. You probably wont be able to get another home again if you do. Also see if you can get a part time job or get more hours at your current job.
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