brenda68
Jul 9, 2007, 11:00 AM
Is it possible to get a loan when you are 3 months behind on your mortgage?
ScottGem
Jul 9, 2007, 11:02 AM
Anything is possible. But if your arrears have hit your credit report its unlikely.
DianeV Sr Loan Officer
Jul 25, 2007, 07:17 PM
is it possible to get a loan when you are 3 months behind on your mortage?
There are some "sub prime" lenders that may do it, but the interest rate will be through the roof! And if you can't afford the mortgage you have there is no way you will afford the new one. Try to work out a plan with your current bank.