[bmccarron]

Hi everyone. It seems i am in the right place to get help, I am so thank ful that I found this website. I purchased my house back in feb of this year. Unfortunately with this down economy, my income is significantly lower than last years. I work a job where i make salary plus comission. Over all, I am about 6000 less than i was at this time last year. This is making it more difficult for me to make my mortgage payments. I found the email address here on your site to contact citi mortgage. I got a call back the following day from Tisha. I faxed in the workable solutions packet to her and Jamar got in touch with me. He said that I need to make 1/2 payments, as they are going to put me on a moratorium, so that I will be 3 month past due. Up to this point i have not been short nor have been late. Will this moratorium hurt my credit at all? Jamar told me it won't but i always get nervous about stuff like that. He told me my loan is owned by Fannie Mae and I need to be 3 months delinquent in order to work out a loan mod and that the moratorium is one way to do it. What can I expect to be looking at in the way of an interest rate reduction. Also, is there any possibility at all of Citi dropping my PMI monthly payment? I have no intention of defaulting on this loan and would like to stay here for the rest of our lives! I love our neighborhood and our home! Thanks again for any help you can offer.