If you are unable to afford your mortgage or home equity payments, but want to avoid foreclosure, PCFCU can assist you with finding workable solutions. There are many options that may be available to you depending on the type of loan you have with PCFCU.
- You may be able to refinance your loan, extending the repayment period, and/or reducing the interest, thereby lowering the payments;
- PCFCU may be able to modify your loan, to make your payments more affordable;
- PCFCU may be able to provide you with special forbearance, in light of your current circumstances;
- You may be able to sell your home and repay your mortgage/home equity loan in its entirety. If your home’s value is less than your outstanding loan balance, PCFCU may be willing to accept less money than you owe and develop a repayment plan for the remaining amounts due.
PCFCU IS WILLING TO EXPLORE EVERY POSSIBLE OPTION BUT PLEASE DON’T WAIT. CONTACT OUR DEDICATED TEAM AS SOON AS YOU REALIZE THAT YOU ARE UNABLE TO MAKE YOUR PAYMENTS.