Posts Tagged "break"

What is the term used when you get a break from paying a mortgage without going into foreclosure?

on Jan 17, 2013 in FHA Information | 3 comments

by marsmet526 Question by milisa c: How long do you have to pay Mortgage insurance on FHA loans? I have been paying mortgage insurance for about four years now and my house payment keeps going up. Yes I have a fixed interest rate. Best answer: Answer by delete30 years Give your answer to this question below! Question by Karen W: What is the term used when you get a break from paying a mortgage without going into foreclosure? I heard about this on Oprah, link but then we were’nt in financial straits like we are now is there anyway we can save our house without filing for bankruptcy? Best answer: Answer by DarbyYou need to talk to the mortgage company. They have no idea what’s going on unless you tell them. Maybe you can agree to pay the interest only until things improve. I don’t know what was said on Oprah. What do you think? Answer below! What is the term used when you get a break from paying a mortgage without going into...

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