I was laid off from my job at the end of March…1 of about 90 (automotive manufacturing). I honestly didn’t think it would get up to me, I was pretty high on the list and there’s only about 150 people that work for our company. They told us on a Wed that Fri would be our last day, so when I got off work Wed I went to a local Credit Union to see about refinancing my house to get a lower intrest rate and lower my house payment, I had HR at work send proof of employment to the bank before I signed my papers that Friday (the loan manager said that was fine, I didn’t tell him I was getting laid off). I haven’t heard back from him and its been over a month and I’ve called several times questioning him about it, he keeps saying he’ll have to get back with me. Anyway, I’m not holding my breath on him to call me back, are there any programs I can look into? I have already talked with my mortgage company and they said they won’t refinance anything if I don’t have income. And for the people that are going to say GET A JOB!!!! Well, I would but I’m going back to school M-F from 8-3 so I can better my life doing something I want to do and not something I have to do, I don’t want to work in a factory my whole life and now I have actually got the chance to better my life…I’m also a single parent taking care of 2 kids, I’m at school while their at school and we get home at the same time. A part time job would be hard because I don’t have anyone to watch them while I work. And as long as I’m in school, they’ll pay me unemployment. but with losing my job I lose $ 240 each week and that makes it harder for me to pay the house payment. Only serious people, please don’t be mean, tell me I’m lazy because at least I’m trying to make a better life for me and my kids and I don’t want to lose our home and I don’t want to put it up for sale, and I’ve worked so hard to get this house. I’ve used my savings to make up for what my unemployment doesn’t pay and wouldn’t even have the money to put down on another place if I did sell it, and if I have to forclose on the house, it’ll look bad on my credit that I worked so hard on for the past few years to get good so I could buy this house. I’ll only be in school for a year and I’ll have my diploma and be able to get a decent paying job, but I need to lower that house payment so we won’t be in such a bind until after I graduate and get the job.
To let you know I talked to the guy at the Credit Union today, he said there was a program out there for people that have been laid off that will lower their intrest rate and will be fixed rate until they get back on their feet. He’s looking into that for me and thank you to everyone that helped. Hopefully this newly discovered information will help someone else and we’ll still get to stay in our home. ***PRAYING***