We understand how worried you may feel if you’re having trouble making your monthly mortgage payment. We helped your buy your house and we want to find any way possible for you to keep it. If we can, we want to help you avoid a mortgage foreclosure, which is a forced house sale.

 

FIRST STEP: CONTACT OUR MORTGAGE SPECIALIST

Your most important move: Talk to a Howard Bank mortgage specialist as soon as possible. The earlier we know about your payment difficulties, the more quickly we can help you find foreclosure-prevention solutions.

We may be able to help you find a Howard Bank mortgage repayment plan or a community foreclosure prevention program that can restructure your mortgage loan. A mortgage restructure may allow you to make smaller monthly payments over a longer period of time. Stretching out your payments may make it easier to keep your home.

If keeping your home isn’t possible, we can also help you identify the best options for selling your home.

Please contact: Felipe Rojas 443-573-2687 or [email protected]

OPTIONS TO KEEP OR SELL YOUR HOME

The best solution for you — keeping your home or selling it — depends on your particular situation. We explain each option, so you can decide which choice makes the most financial sense for you:

  • Keep your home: Are your financial difficulties temporary? Is there a good chance you’ll be able to make regular mortgage payments in the near future? If so, you might qualify for options such as temporarily delaying or decreasing your mortgage payments, or paying off your mortgage over a longer loan period. Learn more about Howard Bank’s options to keep your home.
  • Sell your home: Sometimes, no matter what you do, it no longer makes financial sense to keep your home. In that case, you’ll want to sell your home at the best possible price and try to minimize damage to your credit. Options might include transferring your mortgage to a qualified buyer or renegotiating the amount required to settle your mortgage loan. Learn more about options to sell your home.

MORE INFORMATION ABOUT FORECLOSURE PREVENTION

The Consumer Financial Protection Bureau (CFPB) provides information on free foreclosure help. Learn more about its mortgage help.

Also, if you’re active-duty military, you’re eligible for additional foreclosure-prevention options while you’re serving and for 12 months after your service ends. Learn more about how Howard Bank honors the Servicemembers Civil Relief Act (SCRA)

MORTGAGE TROUBLES? CALL US FIRST

Call Howard Bank immediately if you’re concerned about affording your mortgage payments. We can tell you if you qualify for special financial help. Contact Felipe Rojas: 443-573-2687 or [email protected].