Missing a mortgage payment.
January 1st, 2008 | by admin |Some home loans offer an ‘acceleration clause’, which covers you if you miss mortgage payments. The lender will apply the clause by allowing you leniency providing you make payments the following month on time. This type of loan is great for avoiding bad credit, foreclosures, and repossessionsand affectng your fico score. The marketplace is swarming with realtors and other sources that will help you get a mortgage loan affordable to you with benefits included.