With my mortgage payment going up and i cant afford it,what should i do,i dont want to sell my home?

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i have a ajustable rate that i was promised i could refi within 2 years,now my mortgage company will not service any loans in ct. i am behind on alot of bills, my income is less than last year,i work on commission basis.should i start paying what i can afford on my mortgage? i have three children and i am a divorced parent doing the best i can. my credit is not that great

With my mortgage payment going up and i cant afford it,what should i do,i dont want to sell my home?

You have little choice, start looking for a buyer you have stated you can not pay the mortgage and if your credit is lousy then you will not be able to refi either.

Being behind on bills only lowers your score even more.

Face reality sell the home, that is even hard to do these days because I bet it is not what you owe on it, and start looking for place to stay. Renting will be hard with an awful credit score.

If you do not pay full payments or have an agreement for lower payments then they will start foreclosure proceeding in app 3 months time.

With my mortgage payment going up and i cant afford it,what should i do,i dont want to sell my home?

If what you can afford is NOT the home you're in, you need to consider other options. If you can afford the mortgage payment that WAS, you may be able to negotiate with the lender to keep the rate at what is was when you initially obtained the mortgage. If you were late on the mortgage in the past 2 years do not expect the lender to grant you a pass.

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With my mortgage payment going up and i cant afford it,what should i do,i dont want to sell my home?

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