Repayment Plan
Short-term financial difficulties can cause you to fall behind on your mortgage. A repayment plan can help you get caught up.
We all face short-term situations in our lives that may cause financial set backs. Whether it is unexpected medical bills or a period of unemployment, you may fall behind on your monthly obligations. A repayment plan is a short-term solution that allows you to catch up on your mortgage with payments you can afford.
The benefits of a repayment plan are:
- Delinquent amounts are repaid over a period of time, typically three to six months
- Paying the delinquent amount over multiple payments keeps your repayment plan payments low and affordable
- In just a few months your loan will be caught up and you will return to making just your monthly mortgage payment
If you think a short-term repayment plan will help you to get caught up on your mortgage payments, call one of the telephone numbers below to speak to a bank representative.
The bank representative will review your loan and ask you for updated financial information. Once all information is updated, we will review your loan to determine if you qualify for a repayment plan. If approved, your monthly statement will include your mortgage payment, escrow payment, if applicable, and your new payment amount for the repayment plan.
Call 1-888-851-5544 or 1-510-667-0475 to see if you qualify
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