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Your first step, if you are in financial trouble, is to contact your mortgage lender.Your lender may be able to
- Modify your mortgage terms for lower payments by extending the length of the loan
- Reduce your mortgage interest rate
- Temporarily suspend payments
- Allow missed payments to be paid back over time
- Decrease your total mortgage amount
If you cannot keep up with your bills contact the Consumer Credit Counseling Service or the National Foundation for Credit Counseling. Groups like CCCS help people with debt management. They may be able to arrange a plan with your creditors to lower monthly payments and save a dire financial spiral. Organizations that work with consumers to manage debt usually charge a small monthly fee, but only if there is capacity to pay. The Consumer Credit Counseling Service of West Florida can be reached directly at (850) 314-9888 and is located at 913 N. Beal Pkwy, Ste H, Fort Walton Beach, FL 32547.
CREDIT, FORECLOSURE AND LEGAL RESOURCES - click on links:
- National Foundation for Credit Counseling 1-800-388-2227
- Making Home Affordable Program see if you can qualify
- Homeownership Preservation Foundation 1-888-995-HOPE
- Department of Veteran Affairs Regional Office
- Free Credit Report 1-877-322-8228
- COVID-19 Mortgage Help 855-411-2372
Wendy Rulnick
Rulnick Realty, Inc
Ph: 850-259-0422Fax:1-866-888-7792
12889 Emerald Coast Pkwy #107-A
Destin, FL 32550 US