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Profile picture for user933284
I have first mortgage of $158K at 8.75% and payment of $1505, second mortgage of $42K and payment of $573 (does not include taxes or insurance, both are current), neither lender will renegotiate interest rates. I know not a great move on my part but 4 year divorce lead me there. Will have Chap 13 discharged in 3 months and current middle credit score is 630. No other debt. Annual household income is $140K. House tax assessment $207 but recent appraisal lowballed at $171K. What are my best options to refinance to get better rates. My goal is to pay down as quickly as possible to sell which will happen quicker with lower payments.
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July 12 2012 - US
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Profile picture for Steve Greene
Unfortunately with a current bankruptcy there are few if any lenders who could or would work with you.  The only reason your current lenders might reconsider would be if they thought you might not be able to continue to make your payments at the current rate.  They don't want to foreclose. 
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July 12 2012
 

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