HelpMortgage.org
Title
Mortgage Help
Description
Excerpted from the website:
- If your payment resets on an adjustable rate mortgage, you have several options. You can continue to make the payment, you can refinance your mortgage, or you can sell your house and pay the mortgage off. If none of these options will work for you, you should call your lender as soon as you realize you have a problem and attempt to work out a solution. Lenders do not want you to default – they want to get paid. They will oftentimes work with you to reduce your payment and possibly the interest rate.