Posted on: 13th Oct, 2010 04:16 pm
what will happen if I can only pay say half of my monthly mortgage amount for say the next 6 months?
Hi emmonette,
You will have to let your lender know about the fact that you won't be able to pay your mortgage dues in full for the next 6 months and get a payment plan from him. You can, rather, request for a loan modification. This will help you in saving your property as well as your credit.
Thanks
You will have to let your lender know about the fact that you won't be able to pay your mortgage dues in full for the next 6 months and get a payment plan from him. You can, rather, request for a loan modification. This will help you in saving your property as well as your credit.
Thanks