Record your earnings and costs, and calculate the equity in your house. To calculate the equity, calculate the marketplace value less the total amount of the very first and any mortgage that is second house equity loan.
Then, write along the responses into the after questions:
- Exactly just just What took place to prompt you to miss your mortgage payment(s)? Have you got any documents to back your explanation up for dropping behind? Exactly just just How perhaps you have attempted to resolve the situation?
- Is the issue short-term, long-lasting, or permanent? What alterations in your position would you see for a while, plus in the term that is long? The other issues that are financial be stopping you against getting right back on course along with your home loan?
- What do you want to see take place? Would you like to keep consitently the house?