How Do You Help With Mortgage Payments?
Falling behind in your mortgage payment is a very stressful situation for most homeowners. Because of the economy, many homeowners are finding themselves in the arrears on their mortgages. The risk of losing your home is real if you fall too far behind. Here are some tips on dealing with mortgage arrears before the situation gets worse. You may have insurance protection on your mortgage to help you get out of your stressful financial situation. Check your mortgage and see if you have the coverage and under what circumstances it applies. If you do have coverage, then you should put in a claim immediately. Government help may be available. Check with your solicitor or local government housing agency to see what help may be available. If you are a senior citizen, there may be additional help. Each lender has their own policies as to what constitutes arrears, so contact them as soon as you think you may be late on your payments. They want to work with you. You can ask your lender for a mor
