What happens if I miss a mortgage payment?

If you miss a mortgage payment with Taylor Bean & Whitaker, it is crucial to take immediate action. The consequences of missing a payment may vary based on individual circumstances. Generally, missed payments result in late fees and may negatively impact your credit score. Continual non-payment can lead to more severe consequences, such as foreclosure proceedings. To avoid these situations, it is advisable to contact Taylor Bean & Whitaker as soon as possible to discuss your financial situation and explore possible solutions. They may be able to provide options like loan modification or forbearance to help you catch up on payments. Open communication and proactive steps are essential in navigating any potential difficulties and protecting your home.