Question: Obamas home refinance option do i qualify?

(Posted by: alley on 2009-04-07 10:55:31)

Okay this is my situation, i am going through a divorce and i have a lot of debt, i purchased my home about 2 years ago with only me on the loan when i was in real estate and had a healthy income. my husband has bad credit and both vehicles financed in my name, credit cards, etc. now i have had to get a desk job making very little money, my house payment is $1800 per month and i am only making about $1600 per month, i have been paying my mortgage with my savings account that i had build up, i owe more on my home than its worth so i cant sell it, as far as the auto loans and credit cards go my ex has been giving me money to make those payments. i have not been late yet on my mortgage but my savings is running low and and i fear i might lose my home. what should i do, do i qualify to modify my loan or refinance i am at 10 % interest right now i think.

Posted by: Anni on 2009-04-09, 12:12:08

Visit MakingHomeAffordable.gov to see if you qualify to refinance your first mortgage or for a loan modification.