When consolidation won’t work
Mortgage loan modification can help you keep your house.
If you have a whole bunch of little bills that have piled up into overwhelming debt, debt consolidation is right for you. However, if you just have one big, overwhelming debt, and it’s your house payment, it’s time to seek mortgage loan modification.
When to see mortgage loan modification
The housing market, increasing unemployment and a shrinking economy have caused record numbers of homes to go into foreclosure. Some people fell victim to subprime mortgages and some lost their jobs, but the end result is the same.
Many families who were lucky enough to hang onto their houses so far could still be in danger of facing foreclosure, and some are just getting buried by their mortgage payments. If this is your situation, debt consolidation is not the best solution for you. ... click here to read the rest of the article titled "Bills vs Mortgages | Debt Consolidation Part 9"
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