When most people start
experiencing financial trouble, they try everything they can to stay afloat.
That might include borrowing from friends or family, taking money out of
savings or a retirement account, or shuffling debts from one credit card to
another. But after time, most of these methods catch up with you, and you can
end up owing more than when you started trying to get things under control.
Rather than make the situation worse, let us help you find a solution that
works. One option is to reduce certain debts you pay regularly, so that you
have a little extra money each month to make ends meet. A good place to start
when you want to reduce a debt is with your house payment.
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A modification will get you a
lower interest rate. A lower interest rate will lower your payment, and when
your house payment goes down your disposable income goes up. If you can save
money on your house payment, you can put the extra towards other debts so your
paycheck stretches farther.
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You can become current on your
house payment through a modification, which will help prevent a foreclosure.
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A modification, when paid as
modified, can help to boost your credit score.
Each situation is unique, and your need to
ask for a modification of your mortgage is personal. Whatever your incentive
for seeking a modification, let us help. We will deal with the mortgage company
for you, which takes a lot of the burdensome leg work off of you so you can
focus on other needs. And, if a modification is not going to fix your finances
in the way you desire, let us talk to you about the possibility of filing for
bankruptcy. With a bankruptcy you can eliminate or greatly reduce some of your
debt, making it easier to pay for your house. If you are having a hard time
paying all of your bills, remember that you do have options. Let us explain
those options to you, so you can make a decision that makes sense.
For more information about
a mortgage modification, call us today or reach us online at www.law-ri.com. We offer appointments at multiple locations for
your convenience and can schedule a time to visit with you today.
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