What happens if I miss a loan payment?

If you miss a loan payment with Caliber Home Loans, it is important to take immediate action. The consequences may vary depending on the specific circumstances and loan terms. Typically, a missed payment may result in late fees and a negative impact on your credit score. It is crucial to contact Caliber Home Loans as soon as possible to discuss the situation and explore potential solutions. They may be able to offer alternative payment arrangements or temporarily modify the terms of your loan. Ignoring missed payments could lead to more severe consequences, including foreclosure or repossession, so it's essential to communicate with Caliber Home Loans to find a resolution that works for both parties.