I need help to save my home.

Question

Is there anyway I can save my home from being repossessed? My partner and I have been struggling with our mortgage over the past year. I have tried refinancing but due to bad credit, I've been denied. I'm desperate to keep my home and would love some advice. Both my partner and I work full time and I have applied for a second job to help increase our income.

Answer 1

talk to the lender some of them will make up some sort of plan just explain the situation

Answer 2

look the last thing your lender wants is for you to lose your home -- so go see him and discuss any options that may be on the table -- he may let you have a interest only payment plan for a year!!!

Answer 3

See if the lender will renegotiate the terms to a lower rate.

Answer 4

I am not sure of the exact wording,but you can approach the finance company & have your payments reduced by extending the length of the loan,say if your loan is over 20 years you can change it to say 30 years,then once you are back on your feet go back to 20 years.I seen this on today tonight where a family were close to having their home repossessed.They spoke to financial advisers & they advised the family to do this,unfortunately finance companies aren't forward & make this offer to you.Maybe go to the today tonight site & you maybe able to view this story,it could of possibly been on A Current Affair too.It was with a family where they had taken time off to spend time with their young daughter whilst she was in hospital with cancer.