who would take a mortage that had a hardship lastyear & is behind,so they can start over. both adults got promotions and pay incre

The answer is, generally not many. There are plenty of rules in mortgage lending, and recent negative situations usually prevent someone from getting new financing. Lending rules like to see a new pattern of re-established credit. But there isn't enough information here for any of us to properly answer, therefore I suggest you contact a local mortgage broker in your area. Give them a full application, and let them zero in on your exact situation. Can you qualify today, or what do you need to do to qualify tomorrow.

Most likely you would be looking at a Portfolio mortgage lender program. Depends on the explanation for hardship and your credit history. Consequently, the down payment would be larger 20%+ (dependent on credit score), higher interest rate to compensate for the risk. Typically, this type of loan has no prepayment penalty, as they encourage a refinance once you are eligible for an FHA, Fannie or Freddie Mac conventional loan program.Ted ArkGolden Mortgage CorporationBridgewater, NJ 08807Tel: 908-722-9217

More info needed.. Typically, if you have more than 3x30 day late mortgage payments or 60 or 90 day late payments in the past 12 months, you wont find anyone willing to refinance.. That being said, certain lenders will make you wait 3 or more years if you have 90 day late payments.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893