- This topic has 22 replies, 1 voice, and was last updated April 10, 2007 at 8:08 pm by .
- April 10, 2007 at 8:08 pm #251536Guest
Thanks for the info. My husband is going to seek a PT job and I have agreed to
do most of the yard work this summer, so he can work the extra hours. We won’t
spend a lot of time together, but we will be able to pay more on the debt as
well without making any new bills. That alone will help! We are also going to
credit counseling. Our home mortgage has a great rate, and refinancing would
only come at a higher rate, so we are not going that route.
Pray with us for our success. We will keep looking for ways to cut, cut, cut.
We are going to sell off some things too. Does anyone know a less fee heavy way
than eBay that still reaches a wide audience, and eliminates that “will you take
this instead” thing?
ladydressmaker <OnTheRanch@hughes.net> wrote:
I’m brand new to the list, just a few hours on it in fact. But we
recently found ourselves in a similar situation. I contacted the
company that had my mortgage and over the phone, with email, faxes and
such got a low interest second mortgage. No fees, appraisals or
anything and I didn’t have to give up my dream home. Because they
already had the first note they gave us lower interest rate, plus we
got an even lower one when I agreed to an automatic debit to the
account the fifteenth of every month.
Even if you recently got a home equity loan it might well be worth the
phone call to your mortgage company to see what they recommend. It
lowered our bills $600 per month and will be paid off in 10 years.
If you truly have absolutely no equity left to get a bill
consolidation loan with maybe you could check with credit counselling.
My mil did and they negotiated with all her creditors to where she
has one monthly payment that is automatic (she got a lower interest
rate that way) from her checking. It will pay off all her credit card
debt in 5 years. The rates negotiated for her were extremely low and
it was a free service.
Either way I’d stay away from a condo, they come with all sorts of
restrictions and problems, plus if one person causes any damage to the
units all pay for them. Jan who is determined to pay off her 10 year
home equity loan in 5 years in OK
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