Mortgage Question

[george237]

Ok I was going to call my mortgage company and ask if there is any type of payment plan I can go on while I search for a job, currently unemployed. I am not yet late on any payments and will not be till march or april, if I can't find something.

 

Does anyone know if they actually do this? I would like to know what I should say and what I should expect.

[BeStrongBeHappy]

Sometimes they are willing to take more payments on at the end rather than paying currently, or let you pay just the interest and not the principle.

 

A lot depends on the bank you are dealing with and how flexible they are. Some will accommodate you, and some won't.

[george237]

Just got off the phone with chase. They offer to deffer 3 months of payments and then add them to your loan after the 3 months. Doesn't damage your credit. Sounds like an out for me

[george237]

There you go, that's something better than nothing. I would still maybe seek other counseling or that government hope thing, just in case of something more unexpected so you have more ammunition stored up if a job doesn't come your way. I hope it does soon. Take care.

 

Thanks I did read what you sent. I am going to file for this 3 month thing and take it from there. If I get to March and no job I will look for other alternatives.