First off not “everyone else” is modifying their loans. Only about 10% of homeowners are in trouble. The rest of us make sufficient income to afford our houses and did not overpay for our homes. Second, what in your circumstances changed since you took out the loan? Lastly, your credit will be ruined for years if you do not live up to the terms of your mortgage loan.
First off not “everyone else” is modifying their loans. Only about 10% of homeowners are in trouble. The rest of us make sufficient income to afford our houses and did not overpay for our homes. Second, what in your circumstances changed since you took out the loan? Lastly, your credit will be ruined for years if you do not live up to the terms of your mortgage loan.