By Richard Greene | Published Wednesday, March 5, 2014
Thank you for sharing your story. My husband and I are in a mortgage situation of another flavor. We tried to be responsible, kept the mortgage no more than one fourth of his monthly take home pay, much lower than they were telling us we qualified for. We used all the money from the sale of our first house (which was paid off), toward this mortgage, in hopes of paying this one off as soon as possible. We had what was then a decent rate, 6%. Now we owe just shy of 40K on it, and nobody will refinance it for us so we can get the lower interest rate. We started trying to get it refinanced as soon as the rates dropped a while back. Everyone says you have to owe 50K or more to make it worth it to them to refinance us. We are Dave Ramsey fans, and that’s how we knew to only do a fixed rate. One mortgage company told me if we would get behind on the payments, they could probably help. Sheesh.
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