Retirement can be a stressful time in a person’s life. A person may have worked for many years to provide for the person’s family and save for retirement. However, adjusting to a fixed income can be difficult for many, and many retired homeowners are finding that the savings acquired over a lifetime are simply not enough. The cost of living can increase, and new costs such as medical bills can pop up, further straining the situation. A homeowner who has planned on staying in the house throughout retirement may realize that the payment is simply too high.
One option that may offer some relief to retired homeowners is applying for a mortgage modification.This is a great option for retired homeowners who do not wish to leave the house and go through the hassle of moving and finding somewhere else to live. A mortgage modification can reduce the monthly payment to a more comfortable amount, and the homeowner doesn’t have to move, sell the home, or borrow against the equity of the home.
The Mortgage Modification Center
If you are retired and are having difficulty making your mortgage payment, do not hesitate to reach out to the Mortgage Modification Center at (401) 467-7998. Attorney John S. Simonian offers a free initial consultation and has helped numerous clients stay in their homes.
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.