How to Handle a Mortgage After a Job Loss
Assess finances, contact lender for relief options, explore assistance programs, and seek advice to protect your home.
20/03/25
The mortgage doesn't stop when your paycheck does.
Just lost your job? Take a deep breath, then:
- Do a money check-up. What savings do you have? Severance? Unemployment benefits? Figure out how long you can stay afloat.
- Call your lender TODAY. Not tomorrow. They've heard this before and might offer payment holidays or interest-only options. But they can't help if you ghost them.
- Look into government help. There are programs designed for exactly your situation.
- Get some real advice. A financial counselor can spot options you didn't know existed.
The worst thing? Hiding from the problem. The best thing? Tackling it head-on.
