What happens if I miss a mortgage payment?

If you happen to miss a mortgage payment, it is essential to act promptly to avoid any negative consequences. At Freedom Mortgage, we understand that unforeseen circumstances can arise causing financial strain. When a payment is missed, it is advisable to contact our experienced team to discuss the situation and explore potential solutions. Depending on the circumstances, we may be able to offer forbearance or work out a repayment plan. However, it is important to note that missing a mortgage payment can have serious implications. It may lead to late fees, negatively impact your credit score, and potentially result in foreclosure proceedings. Therefore, it is crucial to communicate with us as soon as possible to find the best resolution and minimize any long-term consequences.