kinkosma Posted October 31, 2010 Report Share Posted October 31, 2010 I just got a letter from my mortgage company. My property taxes were $988 in arrears for 2009, which I planned on paying in November. Now my property taxes for 2010 are due in the amount of $2937.04. I always pay them with my federal tax return, they are late, but they always get paid.The mortgage company (citimortgage) took it upon themselves to pay the $988. (I didn't ask). and now they have put my account in escrow for the $988 plus the $2937 plus projected taxes for 2011 in the amount of $3000 which has increased my payment from $986.84 to $1524.10 which I can't pay.I am on social security and a pension and can't work. WHAT TO DO NOW.Is it hard to refinance a mortgage? Does your credit have to be excellent to refinance? Link to comment Share on other sites More sharing options...
2ndTimeAround Posted November 1, 2010 Report Share Posted November 1, 2010 ....Does your credit have to be excellent to refinance?It been a few years since I wrote loans, you best option to refinance is through your existing lender, by doing a streamline refinance. Your mortgage history will be looked at before your FICA SCORE.Doing this with your existing Lender, you will save on closing costs. Link to comment Share on other sites More sharing options...
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