Could Debt Consolidation help you pay your Mortgage on time?

Every homeowner dreads the 15th of the month. That’s the date most mortgage payments are due and, if you are like most homeowners, it’s the most expensive day on your calendar. But recent unemployment woes have caused millions of late payments, harming credit scores and raising interest rates. After shakeups in the housing market saw 25% of mortgages go under water and massive job losses caused late payments, the Federal Government passed the Home Affordability Modification Program to reduce interest rates, extending loan terms and forgiving some of the principal balance. But these financial incentives have been slow to translate into results for struggling homeowners.

If you are paying your mortgage late, debt consolidation can help. Job losses and financial woes have touched many wallets nationwide, causing late payments on debts from credit cards to student loan payments. Young homeowners need to make their mortgage payments now more than ever. Debt Consolidation from DebtGuru.com can provide credit debt relief by lowering interest and payments as well as consolidating your unsecured debt payments into one monthly payment so you can focus on paying off your home in a timely fashion.

To date, the Home Affordability Modification Program has helped 300,000 homeowners reduce their mortgage payments to affordable levels. But that is a drop in a very distressing bucket. An estimated 4 million U.S. homeowners are in danger of foreclosure this year.

Don’t wait for the government. You can reduce the sting of the 15th by consolidating your other debts, organizing your payments, accessing credit counseling tools and making a payment plan so that you can make your mortgage your main priority. The 15th will always be the worst day of the month. Don’t make the rest of your calendar sting as well.

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