Question: Dear Steve, We have 12 yrs left on our 1st TD. It’s an ARM with a current rate of 2.75% and adjusts annually in June. We also have a HELOC with the entire 50k balance due as a balloon payment in 2023, interest-only payments at 4.5% until then. We presently have a fair credit …
Question: Dear Steve, We are going to refinance our home, out of an adjustable rate, and wondering if we should bundle our kids’ student loan debt into the mortgage. The student loan interest rate is high and simple interest; the mortgage interest lower, of course. We are at about 50% equity. Should we continue to …
The only thing holding Bob Warren back from refinancing his mortgage is a debt he no longer owes. A few years back, Warren lost his job and had to let the credit cards go. When he got back on his feet, he settled one debt and paid back another. To his surprise, one of his …
“Dear Steve, Married has 3 children and a husband who has a cancer.I’m the only one working and my husband’s SSS was freeze for overpayment ,that made it harder for our finances . I used credit card for most of our bills for payment and now waiting for my bank ( Bank of America ) …
We want to get cash out of our house, but wonder if we can do this without refinancing the house. Because if we refinance it will take longer to pay off the house. We have 6 more years to pay on it. We want to consolidate our bills with the cash. Dear Dorothy, If you …
“Dear Andy, We have a loan through American Home Mortgage I assume this is Bank of America. Right now it is an interest only loan with a rate of 6.75. There is no way to get it refinanced right now as credit ratings are poor. We have concentrated on getting everything paid off. How would …
“Dear Steve, Our problems started 7 years ago when our daughter was born, her medical issues, then my husband lost one job (he was working two, to pay medical bills) we were doing pretty well until he got laid off in March. We went from $4,000 a month to a little over $2,000. I got …
“Dear Damon, I have about 53K in credit card debt (18K is @29.99). I plan to reach out to someone for help (still trying to figure out who to call first) for hopefully getting help negotiating a better deal on all the debt. I have house; assessed value is now probably 300k and my 1st …
“Dear Andy, I am converting from chapter 13 to chapter 7 I am affirming my house but have 4300.00 in behind payments that I need help with. Is there any company that will refinance my house coming out of chapter 7? Jacquelyn” Jacquelyn, It will be very difficult if not impossible to find a lender …
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. 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 …