What is the answer for homeowners and credit?
I took the opportunity to pay interest only for seven years with the intent to refinance my mortgage loan. I have student loans that are about the same amount I pay for my mortgage and wanted to pay them down before having that principle and interest house payment. What I need (along with many other homeowners) is for some lender to believe that I will continue to be a good risk by paying my mortgage on-time AFTER they refinance me for the full amount of my current loan principle. If the government is willing to bail out predatory bankers/mortgage backers, why aren't they willing to bail out my inflated mortgage provided by the corrupt mortgage company? I have proven to be a good risk.