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I can’t afford my mortgage payment. What are my options?

I can’t afford my mortgage payment. What are my options?

This is a discussion on I can’t afford my mortgage payment. What are my options? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The payments went up on my adjustable rate bmortgage/b and I can’t afford the new payment. What are my options? ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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10-27-2008, 03:50 AM

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I can’t afford my mortgage payment. What are my options?

The payments went up on my adjustable rate bmortgage/b and I can’t afford the new payment. What are my options? I get this question more and more frequently nowadays. While the list of theoretically possible solutions contains many options b.../b

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