HOMEWORK!!!! DID YOU DO IT???

Have you found out what type or kind of loan that you have? If so you are no longer walking down the forest lost! You now have information that can be helpful to you and maybe someone you know!
What is next? That's what your asking me.

So now down to your financial or how do I say the MONEY! What is your debt to income ratio? How much money do you have going out of your house for bills and other things. Most important you need to do a financial update. Because we all know that is the next question that the mortgage company is going to ask you! How much is the bills such as gas, water, utility's, food, car note, insurance, cell phone, cable, going out to eat, life insurance and the other little things that you may not think that's a bill. Like smokes and other small things that add up. So are you making a List of things that you pay for? Are you sitting down with your partner or maybe it is just you to figure out what you pay out each month!!!

Ooooooh this is so important because you see this may stop you from getting help from the mortgage company! Now that is crazy! RIGHT!!! But from my experience it is soooo true! If you don't have money left over. How can they help you!
So now your homework is to find out what you pay for each month and subtract it from your income that comes every 2 weeks, weekly, monthly. However you get paid! This is simple math so ADD up ALL of your expenses. Then subtract your pay from the expenses. If nothing is left over we need to let go of somethings that you can live with out like: cable, cell phone if house phones is available, going out to eat and when you have food you can cook, taking your lunch to work. Theses are some of the things that should be done in order for your house to be saved!
Walking down that path is going to be hard; but you can do it. Just think before you had a house you probably did not have all those extra bills.

Hell I know I didn't!!

I know that every case is different and you just may have the bare necessities! But believe me when I say that you have to have some money left over after all your bills are paid. At least $200.00 to put towards the past due amount or even if you get a program that brings your loan current you still have to have some money left over for a cushion!

KNOWLEDGE IS POWER