Late on Mortgage?
Late on mortgage? Did you miss a mortgage payment and are having a difficult time meeting your financial obligations. Depending on the reason you are late, what you have done and are doing to overcome your current situation, you may qualify for a home loan modification. Mortgage lates can happen due to several reasons. If some of these reasons are genuine hardships, and you can in fact convince the lender that your hardship situation is temporary, you are in luck.
If your hardship is such that you can no longer afford the house, it is highly unlikely that a lender will approve you for a loan modification.
In addition to your hardship being temporary which you can mention in the Loan modification hardship letter, you have to show that you have tried your best to meet financial obligations by borrowing from friends and family, credit cards etc and are running out of options. Being late on a mortgage is nothing to be ashamed of - it is a fairly common scenarios during troubled economical situations. What is worse is refusing to get help and being in denial of the situation. Or not taking any steps to change your current situation. Feel free to contact us with your questions or apply to pre-qualify for FREE loan modification evaluation to see if you qualify. You will be contacted within 24-48 hours of submitting your application.
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