This is a Sponsored post written by me on behalf of Fannie Mae for SocialSpark. All opinions are 100% mine.
We recently had a neighbor forced out of their house because of issues with their mortgage payments. Everyone knows that foreclosures and mortgage troubles are happening at a higher level than they were in the past. Fannie Mae, a major backer of mortgage loans, has a website, KnowYourOptions.com, designed to give people clear-cut advice and choices if they're in tough situation.
Know Your Options by Fannie Mae is divided into several sections. One section provides options for staying in your home, ways that you can work with your lenders to adjust payments to make them more affordable. There's another section, "Options to Leave Your Home," including short sale and deed-in-lieau options. Both sections contain easy-to-understand advice written in a straightforward tone.
If you're in a tough financial situation, definitely check out the "Beware of Scams" section. When you're in trouble, it's easy to grasp at anything that sounds helpful, and this section highlights some of the too-good-to-be-true programs and programs that could actually get you into deeper financial trouble.
It's best to stay current with your mortgage payments. Your shelter and food should be your top priorities for finances. Many lenders are willing to work with you, so if you're having problems with those mortgage payments, contact your lender to find out what options are
- What advice would you offer to family members or friends encountering issues regarding mortgage payments or foreclosure?
- Encourage your readers to check out http://www.knowyouroptions.com… to get more information for themselves.
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