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Should you skip your mortgage payment? Should you skip your mortgage payment?
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Old 04-16-2009, 09:25 AM
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Default Should you skip your mortgage payment?
Being delinquent on your mortgage won't necessarily improve your odds of a loan modification.

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Old 04-16-2009, 11:30 AM
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Interesting, useful info. They (media/loan modif.agents)make it seem like you need to default on your loan before a loan modification. This article clears up the mis-conception I think. It is best to make your payments, but if you can't - then talk to your loan advisor - don't wait! I think that is the best thing to do.
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Old 04-16-2009, 11:44 AM
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Interesting, useful info. They (media/loan modif.agents)make it seem like you need to default on your loan before a loan modification. This article clears up the mis-conception I think. It is best to make your payments, but if you can't - then talk to your loan advisor - don't wait! I think that is the best thing to do.
At our credit union they have a program that you can miss a payment,and if you need to they will pay the payment for you.You than have 6 months to pay it back,you can make monthly payments but has to be complete in 6 months.
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Old 04-16-2009, 11:49 AM
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That is nice that they do that for members. I'm sure it can help many.
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Old 04-16-2009, 11:55 AM
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That is nice that they do that for members. I'm sure it can help many.
It's a faith based credit union,even though we don't belong to that church I worked there as the only member not in that church.
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