Help with Mortgage Payments - The Bills.com Blog

I am in current need of $10,000 to get caught up on my mortgage. It is a tough situation. My sister and brother-in-law were looking for a home about 2 years ago and I was living with them in their apartment. At that time, I was a junior in college with little income. They wanted to get into a home bad and asked me to co-sign since I had a slightly better credit score. I did not want to do it, because I knew I did not have the income to cover the mortgage. However, my sister convinced me that I should help them out since I was living in their apartment(paying some rent). I did! Well, I graduated from college 9 months ago, but just became a teacher about 2 months ago. During the process of me finding a job in my field, my brother-in-law left his job and started a business. The business got slow and he went without pay for some time. Our monthly mortage payment is $1800. We got way behind, because of such a large payment. We are currently able to meet the mortgage payment, because I can now pay half, but we are behind. We are in need of $10,000 to catch up. What can we do?

If you have equity in your home, I'd highly suggest trying to refinance your home and payoff the debts and also get back current on your mortgage. I can tell you that with mortgage late payments (and an impaired credit rating) it might be very difficult to get a refi... If you want to try to refi and get an introduction to pre-screened mortgage lenders, Bills.com makes it easy to compare mortgage offers and different loan types. Please visit the loan page and find a loan that meets your needs at: https://www.bills.com/mortage/refinance Best, Bill

My mom passed on June 28th unexpectedly. There was no will so the home is up in the air. Since June I have been making the mortgage payments but I am currently 3 months behind. How can I catch up the payments while going through the probate process?

The probate process will handle the disposition of your mother's home and all of her assets (and liabilities). if you are going to inherit the home, and if there is equity in the home (its worth much more than the mortgage owed) then you should contact the lender and discuss loan modification or forebearance to allow you to make the loan current and prevent foreclosure.

I NEED TO SEE IF I CAN GET FINANCIAL HELP TO PAY MY MORTGAGE OF $3800.00 BY TUESDAY 10/28/08. I CAN PAY IT BACK IN JANUARY WHEN I GET MY CHRISTMAS BONUS BUT I SCARED THAT I WON'T BE ABLE TO GET IT MY TUESDAY AND MY HOUSE WOULD BE IN FORECLOSURE. NO ONE WANTS TO HELP ME OUT EXPECT PAYDAY LOANS WHICH ARE DUE IN 14 DAYS. PLEASE SEE IF I CAN GET THIS HELP QUICKLY I WILL PAY IT BACK IN JANUARY.

I am sorry, but Bills.com is a portal intended to give "information only", we are not a bank, and do not lend money directly.

I got a refinance around 2006, about 3 mo ago my mtg co did a modification, which was really no modification, since they didn't lower the interest rate, which was high. I want to get a refinance, and have about $100,000 in equity and a co signer, but I can't find anyone who will refinance me. Any suggestions on where to go?

Have you tried our lender search service, you can do so here: https://www.bills.com/homeloan/mortgage_refinance/

I have another question. How would I go about getting a loan on a property lot, worth about $30,000. It has no mortgage on it. It is a buildable lot in an area where the property value has not gone down. It is in a nice area and in a residential area, even though there is a school close by. I've heard co's don't give loans on lots unless their worth a lot more. I don't know where to go. Any suggestions.

You will just have to try different lenders. Each lender has their own rules about lending for empty lots, property value being one of them. I cannot really say that there is general rule.

I'm currently 2 months behind on my mortgage, the house is actualy under my wife's name only and i was wondering if it would be possible to refinance the house on my name trying to lower rate and amount . My credit score is ok never beeing late on any payments or anything ,just wondering what would be the best option 4 me . Reason that we got behind is tha my wife had a baby and had to leave her job and my job is seasonal and i was on unamployment .please if u could please help me with the options i'll be very thinkfull..

If you have sufficient income, then you should not have a problem in getting the home refinanced in your name, but then your wife would probably have to transfer the title to the property in your name as well. The best way to find out is to get quotes from multiple lenders and then discuss with them, your options. You can get 4 free quotes by using the Bills.com lender matching service at: https://www.bills.com/homeloan/mortgage_refinance/

I have a mortage and I can't pay it. I looked at loan modifaction, reverse mortage, and several other things and nothing seemed promising. Short of having someone walk in off the street and give me the money, I have run out of options. What can I do?

Have you tried here? http://www.makinghomeaffordable.gov/

Hi my name is Steven and i'm in bankruptcy and my payment are current , however i can't pay my current $2300 mortgage because after 11 years of services the company closed it doors , i have not found any work , what do i do who do i call ,please help my wife has income but not that much . write back soon or give us some resources

Steven, dig out your mortgage papers and call the mortgage holder. They may be willing to work with you on deferring or reducing the payment -- or not. Either way, you are notifying them of your situation and that you are not about to disappear. Given that you are already in the bankruptcy process, you are aware of your assets. Before liquidating any of them to raise money for your mortgage, check with your attorney to see if you are able to do so without muddying your bankruptcy filing. Similarly, talk with your attorney before selling your home. Any equity in your home is an asset, and liquidating that during your bankruptcy might have serious consequences.

I just got modified from 3,400 monthly to a 3 month trial payment of 1,791.00. The problem is that my living boyfriend left three weeks ago, therefore know I cannot make the payment alone. I am a teacher and bring home 1,400.00 twice a month. There is no equity in the property and the 1,791.00 is not counting the maintenance fees and daily expenses like electricity, groceries, water etc... What suggestions do you have?

First, look at Home Affordable Refinance Program, and be mindful of the cautions raised on this site about scams. Unfortunately, you are in a tough spot and a prime candidate for an unscrupulous schemer promising you the moon and later taking your house. Fortunately, you are a teacher, and you are accustomed to recognizing tall tales when you hear them ("My dog ate my homework"), so your scammer-senses are highly tuned. Second, some cities and states offer housing programs for teachers, which are meant to attract teachers who otherwise could not afford to live in that area. Do some online detective work to see if there's a housing assistance program available to you. Finally, most lenders consider 35% the maximum amount of debt a household should have relative to its monthly income, and you appear to be well above that. I hope you find another option, but you may need to consider selling the property before the payments drag you underwater. Avoid foreclosure. Consider a short sale if you find yourself with a deficiency balance.

I am behind $2059.75 on my mortgage. I need help. I don't like to ask for help but was laid off in jan-feb.

As a response to the recent downturn in the U.S. economy and housing market, the federal government has been pressuring lenders to work with consumers who are struggling with their mortgage payments, and is working on plans to provide incentives to those lenders who are willing to offer concessions to borrowers. I strongly encourage you to contact your lender to discuss what programs the lender offers to write down borrowers' mortgage balances to make the principal debt more in line with the actual value of the home. Although not all lenders are offering this type of assistance to borrowers, many are offering reduced interest, deferred rate adjustment, etc., and it certainly does not hurt to call your mortgage company and ask what options are available. See the Making Home Affordable Web site for more information.