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69 days late . can I refi my loan still?

balloon payment increased my payments by $450 ea. month. I am behind 69 day's now because I just been paying the old amount, $1,740/month. my credit is 680, self employed driver for 11 years. income is $2,400 each week. by rfoley336 from Las Vegas, Nevada. Jan 14th 2020 Reply

Nathan Kessler (
#44 ranked lender in Nevada - 76 contributions

Yes. However, we have to make sure that it behooves you to do as the rate may suffer as a result of the late payments. Nathan Kessler 702-683-3126 NMLS #377217

Jan 14th 2020
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,097 contributions

Generally speaking the basic traditional type mortgage loans allow you to have two 30-day late payments, or "rolling 30-day late" payments, but once you hit a 60-day later payment, you are likely denied. Of course current payment history is very important, but it isn't the only thing that will determine approval or denial. Contact a local mortgage broker before it gets any worse. I lend in MN, WI, SD, ND, and IA. Visit me at NMLS274132

Jan 19th 2020
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