Mortgage Relief Options: What to Do Before Considering a Short Sale

If you're struggling with mortgage payments, a short sale isn't your only option. Before taking that step, here are mortgage relief programs to explore:

1. Loan Modification

Your lender may adjust your loan terms to lower your monthly payment. This could include:

✔️ Lowering your interest rate

✔️ Extending the loan term

✔️ Rolling missed payments into the loan balance

2. Forbearance (Temporary Payment Pause)

Lenders may offer a temporary pause on payments (forbearance) if you’re facing short-term hardship, like a job loss.

3. Refinancing

If your credit is still in good standing, refinancing may allow you to replace your mortgage with a lower-rate loan.

4. Repayment Plan

Some lenders will allow you to spread out missed payments over time instead of demanding a lump sum.

5. Government Assistance Programs

💡 FHA, VA & USDA Loan Relief – Government-backed programs often have built-in options for struggling borrowers.

Don’t wait until it’s too late—explore your options NOW! 

If you're struggling with mortgage payments, there may be solutions available before foreclosure becomes a reality. Let’s discuss the best strategy to protect your home and financial future.

📞 Call/Text: 469-855-0199

📧 Email: Dawn@ElevatedRealtyGroup.net