What happens if I miss a mortgage payment with Allied Home Mortgage Corp.?

If you miss a mortgage payment with Allied Home Mortgage Corp., it is crucial to act promptly. Initially, Allied Home Mortgage Corp. will likely contact you to remind you about the unpaid installment, providing an opportunity to rectify the situation. However, if the missing payment remains unresolved, the consequences may escalate. Late fees and penalties could be imposed, which may accumulate over time, resulting in an increase in your overall mortgage burden. Continued non-payment may lead to more severe consequences, such as credit score damage, potential legal actions, or ultimately foreclosure. It is recommended to communicate with Allied Home Mortgage Corp. as soon as possible to discuss your financial difficulties and explore available options for payment arrangements or assistance programs, which may aid in keeping your mortgage current and avoiding more significant repercussions.