A lot depends on how far behind you are. If you are facing financial trouble, talk to the lender and see if they can help by re-writing the note with a lower interest rate, wave late fees or anything else they can offer. Talk to Fanny Mae, FHA, HUD or any other housing or government backed mortgage program to see if you can get some help. These are some tough times and I wish you luck. I had one of those adjustable rate mortgages and the rate was jumping to 12.5%, but fortunately I was able to refi at a low fixed APR. My payment went from near $900.00 down to less than $700 and the term of the loan went from 28 years left with the ARM that was going to peak at 15% to 15 years on the new loan. Bottom line, I save $200 a month and payoff my house twice as fast.
To avoid foreclosure…pay your bills. Simple as that. Why should Bush or any government official help out those who got in over their heads. How does that help those who still pay on time, like myself. Stop asking for handouts and make your own way in life!!!!
people need to wake up its time to start getting right mentally physically and spiritually and let the government do what they do after 9/11 the government let the amercian people know that they are indispensable you shouldn’t be worrying about foreclosure you should be worrying about GOD and what he thinks food for thought
The best thing you can do is call the mortgage company who you pay your home to. Most of them have help programs that allow you to get back on track by beginning to make house payments that are slightly higher than your usual monthly payment. If you have major changes in your life however, and know that you just can’t afford it………… then just let it go. Otherwise, learn to manage your money better. Regardless, of what other financial responsibilities you may have your home should come first. Especially if you have a family that would become “homeless” if your home were to be foreclosed. Call your mortgage company now and don’t become a foreclosure statistic! Best wishes to you.
You can try to get a forbearance from the bank on your mortgage payments… There are also places that are free or charge little fees that will sit down and help you figure out your payments or get your finances in order…
President Bush has not put out any plans to help with the mortgage crisis (not surprisingly)… But there are some rebate checks that will arrive in the mail sometime in May that could help you with some finances…. (Depending on you much you make a year… I think it averages to $500 per person plus $1,000 for every child you have)
9 Comments
December 8th, 2009 at 5:45 pm
Pay your mortgage or time or talk to your lender when problems develop
December 8th, 2009 at 9:51 pm
A lot depends on how far behind you are. If you are facing financial trouble, talk to the lender and see if they can help by re-writing the note with a lower interest rate, wave late fees or anything else they can offer. Talk to Fanny Mae, FHA, HUD or any other housing or government backed mortgage program to see if you can get some help. These are some tough times and I wish you luck. I had one of those adjustable rate mortgages and the rate was jumping to 12.5%, but fortunately I was able to refi at a low fixed APR. My payment went from near $900.00 down to less than $700 and the term of the loan went from 28 years left with the ARM that was going to peak at 15% to 15 years on the new loan. Bottom line, I save $200 a month and payoff my house twice as fast.
December 9th, 2009 at 3:38 am
To avoid foreclosure…pay your bills. Simple as that. Why should Bush or any government official help out those who got in over their heads. How does that help those who still pay on time, like myself. Stop asking for handouts and make your own way in life!!!!
December 9th, 2009 at 7:51 am
You must first speak to your Bank.
December 9th, 2009 at 11:05 am
Pay your mortgage.
December 9th, 2009 at 11:54 am
people need to wake up its time to start getting right mentally physically and spiritually and let the government do what they do after 9/11 the government let the amercian people know that they are indispensable you shouldn’t be worrying about foreclosure you should be worrying about GOD and what he thinks food for thought
December 9th, 2009 at 12:42 pm
FIrst spell government right and then work to pay your mortgage, duh.
December 9th, 2009 at 2:39 pm
The best thing you can do is call the mortgage company who you pay your home to. Most of them have help programs that allow you to get back on track by beginning to make house payments that are slightly higher than your usual monthly payment. If you have major changes in your life however, and know that you just can’t afford it………… then just let it go. Otherwise, learn to manage your money better. Regardless, of what other financial responsibilities you may have your home should come first. Especially if you have a family that would become “homeless” if your home were to be foreclosed. Call your mortgage company now and don’t become a foreclosure statistic! Best wishes to you.
December 9th, 2009 at 7:05 pm
You can try to get a forbearance from the bank on your mortgage payments… There are also places that are free or charge little fees that will sit down and help you figure out your payments or get your finances in order…
President Bush has not put out any plans to help with the mortgage crisis (not surprisingly)… But there are some rebate checks that will arrive in the mail sometime in May that could help you with some finances…. (Depending on you much you make a year… I think it averages to $500 per person plus $1,000 for every child you have)