As the saying goes, there’s no place like home for the holidays. However, if you are having difficulty making your mortgage payment, you may feel so much stress about your financial situation that it takes away from your holiday. You may be feeling mortgage stress. A recent survey found that approximately half of the participants experienced stress about their financial situation. Further, 5-8% of the participants worries specifically about losing their home.
Worrying about your financial situation can affect your health as well as your relationships with others. However, if you can’t make your mortgage payment because you are experiencing a financial hardship, a mortgage modification may be a great option for you. A mortgage modification is when you enter into an agreement with your mortgage company to change some aspect of your current mortgage. This change can occur in a few different ways, but it results in a reduction of your monthly mortgage payment.
The Mortgage Modification Center
If you think that you might be helped by a mortgage modification, please reach out to the Mortgage Modification Center at (401) 467-7998. Attorney John S. Simonian has helped numerous families stay in their homes through a mortgage modification.
Attorney John S. Simonian is a Rhode Island and Massachusetts lawyer who specializes in bankruptcy law and mortgage modifications. Click here to learn more about Attorney Simonian.