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Home > Money & Services > Mortgages   »   mortgages

 
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Old Nov 8, 2006, 12:22 PM
TULANE74
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mortgages

Just bought a home in june and since moving I have lost my job, is there any help out there to help me with my morgage payments?

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Old Nov 8, 2006, 07:00 PM   #2  
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I am not sure, check with your mortage lender, ask if you by chance purchased any insurance that pays your mortgage payments should you lose you employment. I never buy that type of insurance, it seems rather expensive to me.... I just find a way to stay current, whatever it takes as long as it's honest work. Good luck.
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Old Nov 18, 2006, 07:56 PM   #3  
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Quote:
Originally Posted by TULANE74
Just bought a home in june and since moving I have lost my job, is there any help out there to help me with my morgage payments?
Some non profit organizations have short term payment assistance programs. I would start with some of the larger churches in your area or The United Way.
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Old Nov 19, 2006, 06:21 PM   #4  
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Considering that you have just bought this home and haven't had any time to build tremendous equity (unless you put a bunch of money down), you may want to explain to your lender what has happened. You can sometimes work out a new structured payment plan with them. A friend of mine went through a divorce and she worked out a temporary payment plan with her bank until she could sell the house and they didn't even report any delinquency on her credit bureau.
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