Will Miss a Payment Soon


It’s never too early to seek out information and tips to prevent foreclosure and save your home


If you’ve been laid off, your house payment has changed or you’ve just got too many bills, you might have some concerns about your ability to make your house payment.  If you have not missed a payment, here are some tips to help you save your home:

  

Consider refinancing

  • If your loan is owned or guaranteed by Fannie Mae or Freddie Mac you may have an opportunity to refinance into more affordable monthly payments. Check to see if you are eligible at: www.MakingHomeAffordable.gov

  • Meet with a reputable lender to determine if refinancing is a viable option for you.

Prioritize your expenses and ask for help

  • Gather information on your expenses including car payment, insurance, cable, phone, and other bills. Review your budget. Consider cutting or reducing optional expenses.

  • Protect your credit score by prioritizing your expenses and paying secured debt first (like your mortgage).

  • Call 2-1-1 to see if you are eligible for assistance with other household expenses or for a referral to a non-profit credit-counseling agency.

Contact a certified housing counseling agency

Local counselors
Wayne County
Outside of Wayne County

Nationwide 24-hour access to a HUD housing counselor
 888-995-HOPE or visit the HOPE website 


Be proactive

Contact your servicer if you think you may miss a mortgage payment.
 

Get the facts

Review your mortgage documents to find out your options/penalties. Want more information?  Review  the related links to your right.