Question by ChgoLake: Refinancing if your late 3 months on your 2nd mortgage?
Are there any mortgage companies that will do a refi if your late 3 months on your 2nd mortgage? Thank you for your time.
Answer by wartz
A hard money lender would do it if you had plenty of equity and were willing to pay an ungodly interest rate.
Add your own answer in the comments!
It will be really tough. You need to contact your lender and explain your situation; most likely they will be willing to work out a payment plan that would allow your past dues to get current, and keep your credit rating from getting worse. Don’t fall for any adjustable rate mortgages offered by preditory lenders.
it will be hard == would you loan money to a person that will not pay their bills!!!!