Posted on: 23rd Sep, 2010 06:44 pm
what to do when I don't have enough money to pay my mortgage. Should I pay my Principal and interest or escrow payment only?
Hi lhm,
If you're facing hardship in paying off your mortgage balance, you should contact your lender and apply for a loan modification. If the lender is convinced about your financial hardship, he will give you a repayment plan which will make it affordable for you to pay off the loan.
Thanks
If you're facing hardship in paying off your mortgage balance, you should contact your lender and apply for a loan modification. If the lender is convinced about your financial hardship, he will give you a repayment plan which will make it affordable for you to pay off the loan.
Thanks