Should I refinance or try a loan mod?

Question by Me: Should I refinance or try a loan mod?
I haven’t been living in the property because I’ve been in grad school out of state. I have a job where I am now, there ailment but I’m underemployed. My options are to #1- move back and make it my primary residence and find suitable employment where the property is located before starting a loan mod process OR #2- refinance under the home affordable refinance program.

I’d like to stay where I am and continue to rent the property but I can’t manage the amount I owe presently.I need to do something fast because I owe the regime 20k and they are threatening to foreclose. I am current on the mortgage payment. My credit score is around 690. I always pay on time(except the regime) but I have a lot of outstanding debt from student loans.

PLEASE give me some advice.

Best answer:

Give your answer to this question below!