Middle of Funnel: Your Options
Options to Keep Your Home
Our first priority is understanding your goals. If you want to stay in your home, we help you explore every available avenue before discussing an exit strategy.
Loan Modification
A permanent change to one or more of the terms of your loan. This could mean lowering your interest rate, extending the term of the loan, or even adding missed payments to the back of the loan balance to make your monthly payments affordable.
Forbearance
A temporary pause or reduction in your mortgage payments. This is usually granted for temporary hardships like a medical emergency or short-term job loss. You will still owe the paused amounts later.
Repayment Plan
If you have recovered from a financial hardship but are behind on payments, the bank may allow you to pay your regular mortgage plus a portion of the past-due amount over a set number of months until you are caught up.
Not sure if you qualify?
A Certified Underwater Real Estate Expert can review your financials and help you determine if a retention option is realistic, or if you need to transition to an exit strategy.
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