Mortgage Assistance: Avoid Foreclosure with Our Help
It, unfortunately, is a fact of life, most everyone is going to experience financial difficulties for any number of reasons, some of which can be so challenging that it could lead to you having trouble paying your mortgage loan. A tough financial situation is not only hard for you personally, but can impact the whole family, which makes exploring your options crucial to holding things together. While you may think it’s time to get another job or sell some valuables, many aren’t aware that mortgage relief is available to help homeowners facing foreclosure.
Here at Sunwest Bank, we fully understand that hard times happen, so we are happy to offer homeowner assistance to our borrowers.
Notice to Homeowners in Financial Hardship
If you cannot afford your monthly mortgage payments and wish to avoid foreclosure, you may be eligible for a loan “workout” or modification. We determine eligibility for loan “workouts” on a case-by-case basis. Among other things, we will consider the value of your property and your ability (based on your current income) to make monthly mortgage payments in accordance with the “workout.” You may also qualify to refinance your current loan with us.
If you are interested in exploring any of the options listed above, you will need to provide us with certain financial information, including the following: your most recent paystub, list of current monthly expenses, your most recent tax return, bank statements, a current valuation of your property, if available (such as an appraisal).
The Sunwest Bank Mortgage Department is Here to Help
If you would like to discuss your mortgage options to avoiding foreclosure or sending payments, please call the Note Department of Sunwest Bank at 800.330.9890.
You may also contact the Department of Housing and Urban Development (HUD) to find a HUD-approved housing counselor by calling 800.569.4287. Additional information is made available by HUD on its website at http://www.hud.gov/.