Let's debunk four common mortgage assistance myths — and explain why it doesn’t hurt to ask about your options as early as possible.
Myth 1. Mortgage help is hard to findYou are not alone — there is help out there for many different situations stemming from financial hardship, like losing a job or experiencing a disaster. With professional advice from your mortgage servicer – the company that receives your monthly payments – or a housing counselor, you can find proven ways to help overcome your financial stress.
If you want personalized guidance before speaking with your mortgage servicer, reach out to a HUD-approved housing counselor. Housing counselors can help you explore which mortgage assistance options are best for you based on your current situation. They can also prepare you for conversations about mortgage assistance with your mortgage servicer. Like a coach, they can help you along the way and guide you until you’ve reached your housing goals.