John asked:


Hi,
I can barely pay my mortgage i actually have been taking cash advance from credit cards to pay for this. I have been getting recorded calls from my bank about loan modifications i called them back told them my situation. Refinance is not an options as i am upside down 10k and have a prepayment penalty that is lifted in April. I currently have a 9.5% apr with countrywide. Any good info would be great.

Cynthia

hotguyfromrincon asked:


2 months deferred mortgage payments
4.0% rate, fully amortized, fixed, for 5 years
5.0% rate after the first 5 years, for the remainder of the loan
40 year term
no prepayment penalty

my current loan is FHA 6.5% 30 year fixed

Ruby