Who Do I Call...For Mortgage Help After a HAMP Interest-rate Reset?
Have you fallen behind on your monthly mortgage payments since the interest rate reset on your HAMP–modified* loan and wondered if there's a way to help you get back on track?
The short answer: If the rate increase occurred within the last year and the higher payment is causing financial hardship, putting you in danger of defaulting on the loan, you might be eligible for an additional modification.
Call your servicer (the company you make your mortgage payment to) and ask for a review of your mortgage terms. A housing counselor at a HUD–approved counseling agency also could help you understand your options.
Find answers to more questions:
- Who do I call…about a letter I received from Freddie Mac?
- Who do I call…for mortgage help during financial hardship?
- Who do I call…if I need to move for a military or other job relocation?
- Who do I call…if I need mortgage help while I'm unemployed?
*HAMP closed to new trial periods on December 31, 2016.