Paying my mortgage

While owning your own home is still considered the American Dream, paying your mortgage while you are having financial troubles can seem more like a nightmare.  While some people experience unexpected circumstances like illness, unemployment, or divorce, others suffer from being caught in a mortgage made by an unscrupulous lender.  Following are tools and resources available to help you in trying to pay your mortgage:

HUD Foreclosure Avoidance Counseling Services

Massachusetts

http://www.hud.gov/offices/hsg/sfh/hcc/fc/index.cfm?&webListAction=search&searchstate=MA&filterSvc=dfc  

This webpage provides a list of HUD Foreclosure Avoidance Counseling Services located in Massachusetts.

HomeCorps program

Massachusetts

http://www.mass.gov/ago/news-and-updates/initiatives/addressing-the-foreclosure-crisis/homecorps/

The Attorney General of Massachusetts HomeCorps program provides advocacy to distressed borrowers in facing foreclosure in Massachusetts. The HomeCorps includes a comprehensive three-part borrower support and referral initiative.

Making Home Affordable

Resource

http://www.makinghomeaffordable.gov/Pages/default.aspx  

Making Home Affordable is a combined program of the US Dept of the Treasury and Housing and Urban Development (HUD) that aims to assist struggling homeowners with either modifying their mortgages to make them more affordable or providing a way out of homeownership avoiding foreclosure.  They sponsor a variety of different programs.

BankRate.com Calculator

Online Tool

http://www.bankrate.com/calculators/index-of-mortgage-calculators.aspx?ec_id=m1027724&ef_id=on5PGkBIaysAAMWp:20130523173926:s

If you want to consider refinancing in the amount of your current balance, this calculator from BankRate.com can help you do the math on your options.

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