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