Are you late on your mortgage payments and in jeopardy of going into foreclosure? Have you already been served with papers regarding the beginning of a foreclosure on your home? Do you have an ARM that is getting ready to adjust and you are not sure if you will be able to keep making payments on your mortgage? Do you have a mortgage balance that is more than your home is worth, or are currently late for your mortgage payments?
If any of these items apply to you, you probably are experiencing some sort of stress and anxiety about keeping your home or losing it to foreclosure. You may also not know exactly what to do about your situation. Perhaps you have heard about interest rates going down and that maybe you can refinance except that you just missed your first mortgage payment. Maybe you have heard about a loan modification program with your bank.
To get additional information about your loan situation, or to find out more about mortgage programs please complete the information below:
Stuck About Where To Start Getting Help For Your Late Mortgage Payments?
If you are, the best advice that can come your way is that you should probably learn more about how to do your own loan modification before you pick up the phone and call your mortgage company. The next step after learning more about how to do your own loan mod would be to immediately call your mortgage company.
Calling them first sets the stage for demonstrating that you want to work something out, that you have a commitment to keep your home, that you are taking your mortgage and home ownership seriously, and that you are responsible about paying your debts. All of these are important to your lender, or to any creditor for that matter.
By demonstrating these traits to your mortgage lender early into your mortgage problems you are likely to get more cooperation from them to help you work through your problems and get a resolution that works for both you and your lender. Do not be aftraid to talk to your lender. They want to hear from you.
Below is a list of phone numbers to the major lenders and their loan modification specialists who can help you figure out your best solution for preventing foreclosure.
- Countrywide: 800-669-0102
- M&I: 866-473-4333, press 6 or Toll Free: 877-849-6160
- JP Morgan Chase, Wamu, Washington Mutual: 866-550-5705
- Citigroup, Citibank Wachovia: 866-272-4749
- Wells Fargo: 800-678-7986 or 866-398-7556
- GMAC Mortgage: 800-799-9750
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