I called my mortgage company today (Freddie Mac loan administered by CitiMortgage) to see if I could take advantage of any programs due to being on unemployment.
I've never been late on any payments in 11 years of my loan.
I wanted to see if there were any options available for temporarily reducing my mortgage. There is one where I could pay 50-80% of mortgage for 6 months then pay a lump sum at the end. Or, they could refinance at around 5% (my current rate is 7%).
Quick stats: Home value $130K, Mortgage $75k, Homestead exemption $60K
Would refinancing prior to a chapter 7 mess up with filing a chapter 7?
I've never been late on any payments in 11 years of my loan.
I wanted to see if there were any options available for temporarily reducing my mortgage. There is one where I could pay 50-80% of mortgage for 6 months then pay a lump sum at the end. Or, they could refinance at around 5% (my current rate is 7%).
Quick stats: Home value $130K, Mortgage $75k, Homestead exemption $60K
Would refinancing prior to a chapter 7 mess up with filing a chapter 7?
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