Josten
“Dear Steve,
I need some advice on how to lower my mortgage bill payment. We have to pay too much money, monthly just to keep this house.
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My family can’t pay this much and we may have to sell our home. Please I need some advice. How do I lower my montly mortgage bills to keep my house. I don’t want to lose my home and hurt my family What should I do in this situation?
Josten”
Dear Josten,
The reality is that the only two ways to reduce your mortgage payment would be to refinance the mortgage, replacing the old mortgage with a new mortgage, or to see if your current lender will modify your mortgage.
Either contact a mortgage broker to see if you qualify for a replacement mortgage or contact you mortgage company and ask about loan modification options.
Whatever you do, there is no need to pay a mortgage modification or foreclosure rescue company to help you with your lender. It is a waste of money and becoming illegal in many states.
