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Carol B

Resolved Question

» We are behind in our mortgage and are resorting to withdrawing my husbands 401k out.? He stared a new job in December 0f 2006 and it pays less, and we struggled up to now to pay bills. Now we are in default>

by beez

Best Answer -

If you cannot downsize anything else and this is your last option then do it but>

You've got two options: downsize your expenses, or increase the incomings:

Drawing>

by Shanizze… your husbands new job paid less, but I assume you guys never stoped to think you need to spend less.

If you haven't already tract down where all your money is going each month and try to find ways to cut down.

Many people are going through hard times at the moment, do what you have to do to get by, but be smart about it.

by stan c Call a mortgage broker. They should be able to locate a co that will permit you to consolidate both mortgages into 1 payment. If you don't get the answer you want, just call different brokers until you find>

Source(s):

Retired bill collector 35 years.

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