I have 3 loans with my 2nd mortgage company that are cross collateralized.
The mortgage balance is about $9500 (interest rate 5.5%), loan #1 $3300 (11%)and visa $3000 (13%). I know they won't lump all three together so that I can make one payment, but keeping track of 3 different accounts is getting confusing and becoming a pain. My objective is to make sure I don't miss a payment because I really want to keep the house. (I didn't sign a reaffim. with them)
The bankruptcy rep. handling my case was a real witch and was extremely nasty on the phone when I asked if they could lump all three notes into one. She flat out said no, they don't loan money to people in bankruptcy. I guess I understood her rudeness, but I didn't think rearranging the terms of my existing notes without lending new money would have been a problem for them.
Do you guys think it would be a good idea to try and refi. the two higher interest loans with another bank after the discharge or would it be virtually impossible to do that so close to discharging a chapter 7? Or do you guys think it's better to try to pay them off as soon as I can and just deal with them like I have been because a new interest rate would probably be much higher than what I already have?
The mortgage balance is about $9500 (interest rate 5.5%), loan #1 $3300 (11%)and visa $3000 (13%). I know they won't lump all three together so that I can make one payment, but keeping track of 3 different accounts is getting confusing and becoming a pain. My objective is to make sure I don't miss a payment because I really want to keep the house. (I didn't sign a reaffim. with them)The bankruptcy rep. handling my case was a real witch and was extremely nasty on the phone when I asked if they could lump all three notes into one. She flat out said no, they don't loan money to people in bankruptcy. I guess I understood her rudeness, but I didn't think rearranging the terms of my existing notes without lending new money would have been a problem for them.
Do you guys think it would be a good idea to try and refi. the two higher interest loans with another bank after the discharge or would it be virtually impossible to do that so close to discharging a chapter 7? Or do you guys think it's better to try to pay them off as soon as I can and just deal with them like I have been because a new interest rate would probably be much higher than what I already have?