The Traderszone Network

Published in TZ Latest News 10 December, 2016 by The TZ Newswire Staff

What Happens If You Miss a Mortgage Payment?

When times grow tight — maybe due to a job loss or an unexpected medical expense — making your mortgage payment actually becomes less urgent than paying other bills.

Yes, you need food, clothing, and shelter, but skipping one mortgage payment actually has less immediate consequences than not paying other bills. Basically, if it comes down to being able to eat or making the monthly payment to your mortgage lender, eating wins out every time.

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