What happens if I miss a mortgage payment?
Asked 6 months ago
If you miss a mortgage payment, Central Mortgage Company will first send you a reminder notice to help you rectify the situation. However, if you fail to make the payment within a certain timeframe, late fees and penalties may be applied to your account. Continued non-payment could result in the initiation of foreclosure proceedings. It's important to communicate with us as soon as possible if you anticipate difficulties in making your mortgage payment. Our team of dedicated professionals is here to help you explore options and find solutions to prevent foreclosure and financial hardships. We encourage you to reach out to our customer service department to discuss your situation and work towards a resolution.
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