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I cant sell my home cause it is not worth it I would still owe money, I can’t refinance cause I have bad credit but I dont want to go bankrupt, is there another choice that can take me out of this??

4 Thoughts on If I can not afford to pay my mortgage what other option do I have??
  1. Reply
    February 14, 2014 at 12:02 pm

    You can rent out a room.

    You can get another job.

    You can talk with your mortgage company about the situation. It’s expensive and a hassle for them to foreclose. They very well may work with you.

    You can borrow money from family or friends (Be very careful and responsible doing this. Mixing money with family or friends is frequently damaging. If you do, be responsible and pay them back as you have agreed.)

    I’m sure there are others, but this should get you thinking. Good luck.

  2. Reply
    February 14, 2014 at 12:54 pm

    There are options for you, plenty of them here is a website can can help:
    god luck!

  3. Reply
    Vampir V
    February 14, 2014 at 1:37 pm

    you spend more than you have!

    sell your home and buy a little home or a condo you can afford.

  4. Reply
    june e
    February 14, 2014 at 2:32 pm

    You can consolidate your debts: Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.

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