We understand the challenges homeowners are facing these days. And we can possibly help you find solutions if you are having difficulty making your loan payments, have a hardship, or need assistance with a matured mortgage loan.
Our Home Savers colleagues are prepared to answer your payment-related questions and help you with other possible workout options. At your convenience please contact us to discuss your payment difficulties.
If you feel you may face future late payments, you are already past due or want to avoid the possibility of losing your home due to foreclosure, there are a variety of options that possibly provide the payment help you need today.
Click on any option below to get the full description:
- Repayment Plan
- Loan Modification
- Partial Claim
- Short Sale
- Deed in Lieu of Foreclosure
If the conditions are right, we may be able to refinance your loan into a lower payment. For those with a home equity loan or line (second mortgage), we may be able to combine the loan with your first mortgage to lower your overall mortgage payment as long as there is sufficient property equity. Whether you have your first mortgage with Huntington or another lender, the combination of the first mortgage and second may be a possible option.
2. Repayment Plan:
This is an agreement where you have the ability to make your regular payment and a portion of the past due amount monthly to bring your account current.
3. Loan Modification:
If you can make your monthly payments on your loan, but you do not have the available funds to bring the account current or you cannot afford the total amount of your current payment, we may be able to modify the terms of your original loan agreement to make the payments more affordable.
4. Partial Claim:
If you have a FHA loan, you may qualify for an interest-free loan from your mortgage guarantor in order to bring your account current.
5. Short Sale:
We may agree to take a market sale price that is less than the amount still owed on the property.
6. Deed in Lieu of Foreclosure:
A deed can be given by the borrower/mortgager to the lender or mortgagee to avoid foreclosure.