Arizona Mortgage Team on KTAR Radio
This morning we were live on the radio with KTAR superstar Darrell Ankarlo talking about the 700 billion bailout and what it means to people who are having trouble making their mortgage payment. The discussion centered around “what should I do if I am having trouble making my mortgage payment?”
My general answer was “keep talking to your lender about what your options are because the rules are changing almost daily about what lenders are and aren’t willing to do. If you spoke to your lender last week and they told you that they couldn’t help you, call back again this week. And next week. And the week after that.”
Because as I said on the air — the rules are changing and the federal government may soon be coming out with packages that will incentivize lenders to get better at working with borrowers.
Do you need to hire a loan modification company / attorney? Maybe. Do your homework first though!