Financially Intentional

Conversations with a CFP, Vol. 12 - Mortage Crisis on the Horizon

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May 11, 2020 5:00am

10m

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In this episode, we are addressing the dismal reports that many people are expected to default on their mortgage in the next few months. We cover:

  • What you can do if you can't pay your mortgage
  • How mortgage companies are responding
  • Possible balloon payment
  • If property taxes and insurance payments included
  • Will it be reported to your credit
  • Request everything in writing

Article referenced: Homeowners' Savings Crisis Will Trigger Mortgage Time Bomb Next Month

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