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: 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.
Be proative
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 pages in the links to your right.
