Understanding Your Options When You Can’t Pay Your Mortgage

(StatePoint) If financial hardship has put you at risk of missing a mortgage payment, you should familiarize yourself with the relief options available to you and be prepared to act quickly.

According to Freddie Mac, your first step should be to contact your mortgage company to determine which course of action makes the most sense for your circumstances. You may also want to brush up on the terms below to more fully understand the best path forward based on your situation:

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