How much do you know about protecting your home and avoiding foreclosure?
True or False: Once you are a homeowner, it's not that important to pay your mortgage payments on time.
True
False
That's correct. It is extremely important to always make your mortgage payment (and all payments) on time to prevent foreclosure on your home and protect your good credit.
That's incorrect. It is extremely important to always make your mortgage payment (and all payments) on time to prevent foreclosure on your home and protect your good credit.
True or False: If you are experiencing problems paying your mortgage, you should not let your lender know.
True
False
That's correct. Your lender can work with you to establish an alternative form of payment if you are having difficulty paying your mortgage. Many mortgage companies offer programs that help borrowers avoid foreclosure and keep their home.
That's incorrect. Your lender can work with you to establish an alternative form of payment if you are having difficulty paying your mortgage. Many mortgage companies offer programs that help borrowers avoid foreclosure and keep their home.
