Is paying your mortgage becoming more difficult?

Solutions to keep you in your home:

• Short-term Repayment Plan
• Conditional Forbearance
• Loan Modification

Debt reduction solutions:

• Short Sale
• Deed-in-Lieu of Foreclosure

To determine which option is best for you, first decide if you can afford your home with reduced monthly payments. If lower payments would make it likely for you to keep your home you may be able to choose from a short-term Repayment Plan, Conditional Forbearance, or Loan Modification.

Before calling to discuss your options to avoid foreclosure you should collect the following financial documents:

• Your most current income documentation:
  (e.g., pay-stub, Benefit Statement from Social Security, Disability, Unemployment, Retirement or Public Assistance)
• Last two years' W-2's and tax returns
• Current bank statements for all bank accounts (two months)
  (IRAs, 401Ks, Stocks, etc)
• Property Tax Statement (current)
• Homeowner’s Insurance Policy
  (Flood Policy – if applicable)
• Your current monthly statements from all creditors
  (with whom you have outstanding debt, which includes revolving, installment, and real estate loans)

To learn more about the options available and find the one that's right for you, click one of the links above or call 1-888-851-5544 or 510-667-0475 today. You may also want to contact a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD). These agencies have counselors who will help you organize a budget to pay your mortgage and other monthly obligations. This can be done without direct involvement of Gateway Bank. These agencies can also help you find and take advantage of local services or programs that provide financial, legal and medical or other support. You can find a credit counseling agency by calling HUD at 1-800-569-4287; TTY at 1-800-877-8339 on weekdays between 9:00 a.m. and 5:00 p.m. ET (6:00 am to 2:00 pm PT).