Ask Bill your personal finance question

Dealing with a High Mortgage Payment and Resetting Rates

Is there any help available for lowering an extremely high mortgage?

Is there any help available for lowering an extremely high mortgage if I am unable to refinance at this time and am in deep debt with other creditors?

Read full question
Bill's Answer
(6 Votes) | Find Learn Save

There are so many varieties of mortgages available these days, it’s quite mind boggling. There are adjustable loans, hybrids, reverses, no credits, low credits to name a few. This means that there is a loan for almost everyone.

The best first step is to apply to see if you can get a better mortgage for your needs... whether that is a low payment, low interest, or the lowest cost. makes it easy to compare mortgage offers and different loan types. Please visit the loan page and find a loan that meets your needs.

If you are unable to lower your payment, the other option would be to rid yourself of your unsecured debt to free up cash flow to make your mortgage payments.

Debt Settlement may be able to meet your needs. You will need to perform a similar analysis regarding the non-payment of the other debt making the mortgage payment possible. You will also have to figure into your budget about 50% of your unsecured debt to be paid during the course of the Settlement Plan. Submit your information to the Savings Center, and we can have a reputable Debt Settlement firm contact you to discuss your debt relief options. makes it easy for you to apply for the best solution that meets your needs, by following this link:

I hope this information helps you Find. Learn. Save!

Good Luck,


Get Mortgage Rates!
(6 Votes)

People also like to Read

Betsalel Cohen

Mortgage programs have different minimum credit score requirements. However, lenders often have stricter rules. It is importa... Read more >>

Daniel Cohen

FHA Loans | FHA Loans have huge benefits, including VERY low down payments and low credit limits. Get FREE info on FHA loans... Read more >>

Betsalel Cohen

Mortgage Basics - Down-payment, Equity, and LTV | Learn about mortgage terms relating to your property's value and how it aff... Read more >>

Betsalel Cohen

Whether you are refinancing or buying a home you will ask yourself if you can afford the mortgage. Learn to prepare and evalu... Read more >>

Betsalel Cohen

Qualify for a Mortgage | You can get qualified for a mortgage and the best rates by preparing yourself. Make sure that your c... Read more >>

Mark Cappel

Applying for a mortgage with bad credit and a spouse isn't as difficult as you may think. Learn the what lenders look for whe... Read more >>

Betsalel Cohen

PMI | If you are looking to buy a house and take a mortgage loan with a low down payment then PMI can...... Read more >>

Brad Stroh

Refinance My Home? If you are asking 'Should I refinance my mortgage?' or 'Is refinancing my home a good?', then check out ... Read more >>


1500 characters remaining