October 12th, 2015 6:42 AM by Jackie A. Graves, President
Paying Your Mortgage on Time
Promissory Note you signed when you bought your home is a legal agreement
between you and the lender in which you commit to making your mortgage payments
in-full and on time each month. It's important that you honor this agreement.
home you purchased is in a community regulated by a homeowners association,
it's important that you pay your fees as scheduled. These fees help pay for the
upkeep of the common areas, including amenities such as pools and gyms.
mortgage payment may also include payments to cover private mortgage insurance,
property taxes, and homeowners insurance. It’s important to understand what
these payments are and how they fit into your monthly mortgage payment.
that you own a home, you'll need to protect it by building a budget and savings
plan for home repairs and life’s unexpected emergencies.
homeowner, it’s important to be able to recognize the financial warning signs
that can lead to foreclosure. If you’re facing financial difficulties and
struggling to make your mortgage payments on time, the sooner you reach out for
help, the better.
Freddie Mac – To view the original article click here