I did not reaffirm my mortgage with HSBC. I understand that now I am making voluntary payments and can walk away from the house at any time since it was included in the bk. THIs is a dumb question, but what if I decided to move..would I be able to walk away from this one and buy another one with better terms? I have an arm that is 13.25%. I am making my payments on time, but of course a much lower rate would be ideal.
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Complicated question that would be based on many factors including credit score, debt to income ratio, etc. The best way to know would be to contact a mortgage lender and apply for a loan. That is the only way to know.
Regardless, 13.25% is really high for a mortgage loan....wow, but you are getting a really great tax write off on interest. (silver lining in every cloud...lol)
I don't think whether you are in the house or not will really make a difference.Chapter 7 Pro Se....Discharged Feb. 2006
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