03/28/2020
🚨 Mortgage Announcement. 🚨
👏 DO 👏 NOT 👏 SKIP 👏 YOUR 👏 MORTGAGE 👏 PAYMENT! 😳
It's due April 1st, just like every other month. It's late on the 15th, just like every other month. Late fees will add up and it will be reported to the credit bureaus on the 31st day, like usual...
If you don't pay it, two payments will be due May 1st and three payments will be due June 1st. If you don't have one payment now, will you have three in June? Cause you know what happens if you get to 6? They start the foreclosure process. There are no legit measures in place to protect you!
Here are your options.
1. If you have a job and your rate is over 4-5% you could refinance and legally skip a payment. Why not lower your rate, extend your term and lower your payment in the process? Or get some cash out? You've all got equity in those walls. If you need it, let's go get it.
2. If you don't have a job and have a genuine need, CALL YOUR LOAN SERVICER AND ASK FOR HELP! They will help where they can but it typically requires the use of a loan modification. If you don't have income that's going to be hard to qualify for.
Be informed! Don't just stop paying. Banks aren't protected and they will not protect you. You can call me if you have any questions at 201-741-9401 or [email protected]
(Ps... Thank you also for your patience as we are trying to help guide everyone through this process...)
Stay safe and healthy!
