A job loss can be devastating, especially if it happens unexpectedly. Here’s how to manage your mortgage so you don’t fall behind on your payments…
Insurance Coverage Against Job Loss
If you have mortgage insurance, the policy might include coverage in case of unemployment.
Options Available Through a Private Lender
If you think you’ll be unable to make your payments, contact your lender. They’ll appreciate that you’re handling the situation responsibly.
Help From the Government
If your mortgage was guaranteed by a government agency, you may qualify for a mortgage assistance program.
If you’ve recently lost your job, you’re likely worried about how you’ll cover your mortgage. That concern is understandable, but don’t let fear overwhelm you.