30 Days Late

If you are less than 30 days late but are worried about falling behind.

The first step should be to contact a trusted mortgage professional.

Important: If the root of problem is that you are in a loan that wasn't fully explained to you from the start, or in a loan that does not meet your needs, perhaps you should NOT use the same mortgage person.

Do not try to "pre-qualify" yourself. Leave it to a Professional. What you may perceive as a factor causing you to be denied, may be easily handled by a Professional. Many times, we see clients making the wrong decisions because they assumed they "couldn't" when in fact they "can".

At 30 to 60 days late you still have so many options available. Traditional refinances, Home Equity Line of Credit (HELOC), and other products are possible even with mortgage late payments appearing on your Credit Report. Many programs do not allow a single mortgage late in the last 2 years, while others do. Only a Mortgage Professional will be able to determine the best loan programs for you.


Depending on your particular circumstances, a refinance may or may not be possible. If your mortgage professional does not recommend a refinance your next step is to contact your present lender.

Contact your Lender's Loss Mitigation Department.

Good luck!
It's always better to be pro-active.