Solve Mortgage Payment Problems. If you have mortgage payment problems, consider refinancing to time. Refinancing to reduce your mortgage payment is another shot. However, if you miss several payments, your credit will be reduced and you can get higher rates and may not be able to reduce payments.
The same goes for debt consolidation. If your non-mortgage debt is hurting you, consolidate into your mortgage payment so that you get decent affordable rates. And do it before his credit is hurt.
If you have enough capital, is used to obtain cash and pay what they should in the first mortgage. While this is not a help, not solve anything, a HELOC or second mortgage will give you time to get another job to pay their mortgages.
Should I sell the house if I have problems paying the mortgage?
If you cannot find a way to pay their mortgages now two, consider selling the house, while the payment of the current first mortgage with the proceeds of the HELOC.
While telling your lender might help, you may only put you in patience, but there is not much they can do. It is up to you to convince the lender of your situation will improve within a year or less.
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