As our economy continues to sputter, many people are having a difficult time paying their mortgage. Having your mortgage modified to lower your payments can be a big help, but there are some things to consider.
Negotiating a modification with your lender by yourself can be difficult, so we recommend seeking out help from a certified housing counseling agency, like Clarifi. We have experienced housing counselors who can either guide you through the process or, in some cases, process the modification for you. Our modification help is free of charge.
If you're a New Jersey resident having a difficult time paying your mortgage, you may be eligible for the New Jersey HomeKeeper program. For more information, click here.
If you need help with your mortgage modification or have questions about HomeKeeper, call us at 1-800-989-2227.
At the end of the day, you shouldn't have to hire someone to help modify your mortgage. CBS 3's Jim Donovan recently reported on one company that didn't come through on their modification promises, then failed to return fees to their customers.
To watch Jim's full report, click the image below:
