Equity Loan or Mortgage Assistance
Understanding Your Options
If you are struggling to make your equity or mortgage loan payment contact us today to see if we can help. We are in this together. We all face challenges, and working together we may identify options to help you avoid foreclosure.
Here are some possible options (Based upon your individual circumstances and the type of loan you have, some options may not be available to you):
Others Sources of Payment
Your checking and savings accounts may not be your only sources for making payments.
You may be able to repay your loan by:
Before you use any of these other sources to pay your loan, please make sure you understand the penalties or tax issues that may result.
If you have missed one or more home loan payments, we may be able to create a repayment plan that spreads out the past due amount over several months. That means that each month, you would pay your regular monthly payment amount plus part of the amount you are behind, until you catch up. Please contact us to see if this option is available to you.
With a repayment plan you may be able to:
To get started, call us at 800-797-6324. (Ask for the Collections Dept.)
Modify your loan
If your loan is past due, we may be able to work together to get your loan back on track.
If your home loan is past due, we may be able to:
To find out if these options are available for you, call us at 800-797-6324. (Ask for the Collections Dept.)
Forbearance is when we agree to postpone a pending foreclosure sale to give you an opportunity to temporarily make reduced monthly payments while we develop a long-term solution for you. We may be able to offer you a forbearance plan if you are experiencing a temporary hardship, trying to sell your home, or attempting to change the terms of your loan.
With a forbearance agreement you may be able to receive:
To find out if a forbearance plan is an option for you, call us at 800-797-6324. (Ask for the Collections Dept.)
Depending on your situation, selling your home may be the best option.
Even if you owe more than your house is currently worth, a short sale may enable you to:
To find out more about a short sale, call us at 800-797-6324. (Ask for the Collections Dept.)