Rob Cochems's Q&A

No you cannot combine your first and second on the program.  You can only refinance your first.

coinexec,I may have been harsh, but in looking at the information you supplied, it looks like the credit cards put you over the edge.  Your best option might very well be a Chapter 13 at this point to have a new payment plan arranged especially if your lender has started foreclosure proceedings, as that will halt that process.  Texas has some interesting BK laws that are worth checking into.

You trying to pull out cash?

You need to pay off those credit cards!

G Spot,I am in California, and I know of no lender charging a .75 fee for the Sacramento Area. 

gman,Indymac was a Freddie Mac lender, so you would have to go through them to refinance or receive a modification.  However since they have been taking over by the FDIC and are slowly being sold.  I doubt Indymac at this time has the capacity to originate new refinances.  As far as the modifications are concerned.  Indymac must sign contracts with the treasury to offer these.  As far as I know, these contracts have not been issued yet, and are not required to be signed till end of year.You are just going to have to keep checking with them, in the meantime you can write your congressman and request that they try to open up Freddie Mac loans to be refinanced by anyone, just like Fannie Mae loans are right now.

All you can do is contact your servicer and see what they can offer you.  Form there you need to figure out how to make that new payment every month.  It may not be perfect, but I am sure it will help lower your payment.

Boris! No loan mod quotes!

As long as your loan is Fannie Mae, you can call any broker or lender to refinance.

If you have a Fannie Mae loan, you do not need to deal directly with Chase