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need info on disability and mortgage rates
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m935



Joined: 06 Aug 2008
Posts: 3

Posted: Wed Aug 06, 2008 12:49 am    Post subject: need info on disability and mortgage rates  

My parents have a mortgage on my apartment - i pay the mortgage every month as rent. With taxes my rent has gone up to 1100 (i am not required to pay this - but I cant expect my parents too either)

I am trying to do something to lower these payments.

I am on disability and have been for about 5 years and most likely will continue to be (i can work pt). I dont know if there is something my parents can do for the current loan to lower payments based on this or if I can do something.

PLEASE if any one has any help for me - I really need it.
THANK YOU!!
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David



Joined: 19 May 2004
Posts: 703

Posted: Wed Aug 06, 2008 3:25 pm    Post subject:  

What is the interest rate now on the loan?
(did it go up as a result of taxes? or a change in rates?)
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m935



Joined: 06 Aug 2008
Posts: 3

Posted: Thu Aug 07, 2008 3:44 pm    Post subject: ...  

(i thought i replied)..... the interest rate i believe is 6% and what caused the increase is taxes....
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kevinpS



Joined: 11 Sep 2008
Posts: 7

Posted: Tue Sep 23, 2008 12:55 pm    Post subject: Bad Credit Mortgage Refinance  

Hi..
I think mortgage refinance with a lower rate of interest will be a good option for you.
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