what will happen if i miss one mortgage payment?
I need some extra money this month and I was planning on skipping this month mortgage payment.I need to know what the bank will do an dhow bad will it affect my credit.
Juan,
Missing your mortgage payment will have an adverse effect on your credit. It will make it difficult for you to borrow money to buy other things and will likely impact your future borrowing on another house. But, if you cannot afford to pay your mortgage, that is another thing altogether. You are probably already in trouble. But, don't skip a payment out of convenience.
Ed Peckham
Make your payment. I will hurt your credit. Borrow money against a credit card...None of us can tell you what to do, but missing with your home or your credit right now...is not a good thing to do.
Good luck,
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
JoanWilson@prusd.com
License # 01341483
It is my Goal to Increase the Success and Profitability of Those I Serve
Why not stop paying altogether? You just bailed out a bunch of foolish banks, a car company, and AIG. What do you have to show for it?
Stop paying your mortgage.
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