hud approved counseling: Homeowners - Having Money Problems? Contact Your Lenders, DO NOT Avoid Them
- 10/19/07 05:12 AM
If you are a homeowner who is starting to experience financial difficulty, contact your lender. Do Not Avoid your lender. Although it may be embarrassing to discuss your money problems, it is best to discuss your situation with your lender before payments are too far in arrears. If you find that you are unable to make your mortgage payments, you may qualify for one of several loan workout options. But you must check with your lender to find out which of these options may be available. The further behind you fall in payments, the fewer options will be available to you. In general, lenders do not … (20 comments)
If you are a homeowner who is starting to experience financial difficulty, contact your lender. Do Not Avoid your lender. Although it may be embarrassing to discuss your money problems, it is best to discuss your situation with your lender before payments are too far in arrears. If you find that you are unable to make your mortgage payments, you may qualify for one of several loan workout options. But you must check with your lender to find out which of these options may be available. The further behind you fall in payments, the fewer options will be available to you.
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