With the economic collapse of 2008 and the mounting job losses (in certain areas)
many people are now finding it difficult to make the necessary payments to stay in their homes. Nothing can be more stressful than the fear of losing one's home.
But before you refinance, you need to determine if the market is right for refinancing (and it is at the time of this writing) and that it's right for YOU. For instance, if you've lost your job (as many have recently) can you continue to make payments even after the refinance? Everyone wants to keep their home, but the simple fact is you may have bought more than you could afford to begin with. And with the job market being so tight in the cities with the biggest housing price drops it makes it even tougher. This is not to scare you from getting a refi. It's just to get you thinking long-term and to entertain the horrible idea that maybe it's in your interest to let the house go, along with a potential bankruptcy should you have a mountain of debts you can't repay.
These are extremely tough decisions that Americans are having to make everyday now. Some people commit suicide rather than default on their home or debt, afraid of what their friends and family will think. Don't let yourself fall victim to that. Just accept that things have not worked out as you hoped and the best thing you can do is to decide what you can afford going forward and what you can't.
Then make the tough decisions that will FREE you from the financial anguish you are experiencing. If you are still interested in receiving a loan refinance, check out Loan Mod Yes. All you have to do is fill out a no obligation form and someone will contact you with more information.