Posted on: 26th May, 2012 01:08 am
How to pay off my mortgage if I have no job?
Its really a difficult situation.
Hi Guest,
If you don't have any job, then it will be quite difficult for you to pay off the mortgage. In such a situation, you should contact your lender for some assistance. You can contact the lender and request for forbearance. If the lender accepts your request, then you may not have to pay your mortgage for a certain period of time. Meanwhile, you can search for a job. After the forbearance period gets over, the delinquent payments will be added to your principal amount and you will have to pay it off.
Thanks
If you don't have any job, then it will be quite difficult for you to pay off the mortgage. In such a situation, you should contact your lender for some assistance. You can contact the lender and request for forbearance. If the lender accepts your request, then you may not have to pay your mortgage for a certain period of time. Meanwhile, you can search for a job. After the forbearance period gets over, the delinquent payments will be added to your principal amount and you will have to pay it off.
Thanks