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    TebbeK's Avatar
    TebbeK Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 12, 2009, 07:43 AM
    Restructuring Mortgage loans
    Both my wife and I are under employed. I am a bsiness owner in a tail spin, and she is working part-time. OUr mortgage is at 1700 a month and we would like to restructure the terms, rate or amount in a way to reduce our payments What are the options in today's economy? Or should we attempt to sell ASAP?:(
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 12, 2009, 08:03 AM

    Contact your lender. In today's climate many will help you restructure if it helps avoid foreclosure. Especially if you have equity.
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