What to do first
If your mortgage payment is becoming difficult, the most important step is to understand how urgent the situation is. A homeowner who is current but worried has different options than someone already 30, 60, or 90 days behind.
Common options to compare
Refinance
May help if you have enough credit, equity, and a new loan would meaningfully improve your payment or terms.
Loan modification
May be available through your servicer if you have a documented hardship and need a change to your existing loan terms.
Forbearance
May temporarily pause or reduce payments, but missed amounts usually still need to be handled later.
Repayment plan
May spread missed payments over time if your hardship was temporary and income has stabilized.
Questions to ask your servicer
- What hardship options are available for my loan type?
- Will this option affect my credit reporting?
- How are missed payments handled after forbearance?
- Do I need to submit a hardship letter or financial documents?
- Is there a deadline before foreclosure activity begins or continues?
When a free counselor may help
A HUD-approved housing counselor can help you understand your options, prepare for a servicer call, and avoid scams. This can be especially useful if you are already behind or feel pressured to make a fast decision.
Check your Mortgage Stress Score
Use the free calculator to understand your estimated risk level and compare possible next steps.
Start free checkEducational information only. MortgageStressScore.com is not a lender, mortgage broker, law firm, financial advisor, foreclosure prevention company, or housing counseling agency.