My partner and that I bought a-mobile property through 21st mortgage and we were newlyweds purchasing what we believed was right at that time. We were informed at final we'd have 13% rate of interest, but might refinance in 2 yrs if we'd created ideal funds for that point with no money down. It's been 3 years since we've been spending automated withdrawal ideal funds the entire period. I named lately to determine about replacing to get a lower rate of interest and was informed that I'd need to spend 7500.00 to refinance also it might just take it right down to a-10% rate of interest and thats when they chose to refinance for all of US. I inquired what my stability was and that I was informed 74,000 and that I believed that cant be right and so I had them inform me exactly what the starting mortgage amount was three years before and that I was informed 76,000. I questioned just how can that be we spend 983.00 bucks per month and we've not really created a damage on our mortgage loan. And so I am requiring support poorly somebody please inform me so what can occur if we simply leave out of this. If we bought a real actual house before we abandon this trailor may they consider that? My partner and that I are youthful and also have worked difficult to have excellent credit and that I do understand that is likely to be influenced, but 21st mortgage has been doing only lay to us. We'd every purpose to refinance inside the time period do possess a good payment per month but that is insane. May they take my partners earnings? I truly don't understand what to complete, but I cant envision maintain spending 983.00 per month also it simply would go to them-and not creating a change in my own mortgage amount at-all? Somebody please reply quickly and aid. Thanks I reside in MS likewise.
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