16 December 2010

But the most important thing here is addressing your mortgage broker in time. It’s necessary to do it immediately, when you feel your problems can affect the mortgage.
What are the cases when these programs can help you?
Of course, there are a lot of factors that can influence your mortgage. Here are the main ones:
•    Job loss or income decrease.
•    Marital separation.
•    Serious illness or disability.
What are the options?
In these cases the insurer will try to find any solution to help you with your mortgage. There’s no general solution for everyone: every case is special, that’s why the insurer will search for the one that suits you best. Here are some of the common options:
•    Partial or Shared Payment Plan.
•    Increased Amortization Period.
•    Capitalized Arrears.
•    Deferred Paymentss
Once again, DON’T WAIT UNTIL IT’S TO LATE, talk to your Mortgage Broker if you feel that you have a problem with mortgage payments. We are here to help and have tools and resources to help you stay in your home.

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