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    brenda68's Avatar
    brenda68 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 9, 2007, 11:00 AM
    Mortgage loan
    Is it possible to get a loan when you are 3 months behind on your mortgage?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 9, 2007, 11:02 AM
    Anything is possible. But if your arrears have hit your credit report its unlikely.
    DianeV Sr Loan Officer's Avatar
    DianeV Sr Loan Officer Posts: 76, Reputation: 9
    Junior Member
    		  
    #3

    Jul 25, 2007, 07:17 PM
    Quote Originally Posted by brenda68
    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.
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