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    TULANE74's Avatar
    TULANE74 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 8, 2006, 01:22 PM
    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 mortgage payments?
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
    Senior Member
    		  
    #2

    Nov 8, 2006, 08:00 PM
    I am not sure, check with your mortgage 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.
    Dwight_Pigg's Avatar
    Dwight_Pigg Posts: 26, Reputation: 3
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    #3

    Nov 18, 2006, 08:56 PM
    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.
    wildcatgirl's Avatar
    wildcatgirl Posts: 73, Reputation: 13
    Junior Member
    		  
    #4

    Nov 19, 2006, 07:21 PM
    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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