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I guess it can't hurt to ask.

June 4th, 2010 at 04:46 am

So my husband brought up a point yesterday, why don't we call the mortgage folk and tell them we are soon going to be unable to make payments (unemployment wont last forever and if there is one thing Charlotte is full of it is out of work IT guys).

We have not payed late, nor missed any in almost the entire loan (the one time we were 'late' they cashed my check for less than it was written out for, so their fault and was fixed eventually) So in 8 years we have given them no troubles.

I am wondering if that will help or hurt our chances of refinancing or something. I figure the worst that can happen is a wasted phone call. The best is a new loan, at a lower rate, but I do not want a loan to reset. I get depressed enough looking at the life of the loan as it is.

Well the worst that can happen is a wasted phone call and a cranky husband.....

5 Responses to “I guess it can't hurt to ask.”

  1. rob62521 Says:

    My philosophy is "You don't ask, you don't get." It's worth a try. Hope they are willing to work with you.

  2. creditcardfree Says:

    Good luck!!

  3. Tabs Says:

    Wow, I didn't realize that your husband is out of work right now? I agree with asking, and hope that you can get a better deal out of that.

  4. nanamom Says:

    Sometimes they will allow you to "skip a payment or two and tack it on the end of the loan. Worth asking considering it's been 8 good years WOW really 8 already?

  5. -Jerry- Says:

    I think that calling ahead is far better than waiting until after the fact, and it could lead to a better result. Especially since you have been an excellent client and they would probably like some insurance that they will be able to keep you and your regular payments! Good luck...
    Jerry

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