I need to refinance im in a forebareance and i have bad credit. Our payment is so high help?

2 Things: You need someone to negotiate a shortpay on the mortgage and a solid loan officer to steer you through the whole process. I suggest Hometown Banc Corp. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don’t simply “forget to call you back.” They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at the source website and a Hometown loan officer will contact you .

If you have bad credit and you are already in forbearance there's probably not much more that the lender is going to be able to do to help you, and, unfortunately, it is unlikely that you will be able to get refinanced. How did you get into the high payments in the first place? Was this an ARM that recently reset to a higher interest rate? Unfortunately, your best option would be to sell the house, pay off the mortgage and rent for a while. If you decide to keep the house you are going to find that you'll continue to have this problem because, based on what you've said, your income is not enough to keep up with your monthly payments. You or your significant other could try working a second job to earn more money. That would help, too.

You can visit http://www.cashguru.info and find very useful tips and several articles on credit related matters.

Try http://www.creditbud.com

Can you tell how bad is your Credit? You can try to call your lender, and ask them to help you, because they don't want you to loose the house, they will try to help you, and remember, when you call and you don't fell support from the person you talking, ask to talk to somebody else, or call again. Good Luck!