Many “Mortgage Delinquents” Still Unaware Help is Available
Although in the past few months there has media swirling around all the aid being provided to homeowners in financial trouble with their mortgage, surprisingly there are still many people who are unaware of the fact that help is not a lie. Roper Public Affairs and Media shows that “57 percent of borrowers who are behind in their payments are unaware that their lenders may be able to offer them workout options.” On the brighter side, that number is an improvement from the 61 percent from the year before.
So in case you don’t know — there is help available. First step if you’re in a mortgage crisis? Talk to your lender. Lenders don’t want to hold real estate, that is not the way they make their profits. They will more than likely negotiate some sort of term with you to either help stave off your interest rate skyrocketing for a few more months or they may even be able to refinance you into a more long-term and manageable mortgage. The options are there, homeowners just have to take that first step in contacting their lenders.
January 27th, 2009 at 11:20 pm
Good work! Thank you very much!
I always wanted to write in my blog something like that. Can I take part of your post to my blog?
Of course, I will add backlink?
Regards, Timur Alhimenkov