An obvious piece of advice that we think from our experience bears repeating, is that you should always make sure to read any and all letters that your lender sends you. You’d be surprised about the number of times that our clients have had problems with their home ending up in foreclosure simply because they missed a couple of notices about a change in the repayment schedule, or some other change to the agreement which is totally within contract that our client and the lender agreed on.
Open all mail that your lender sends you
Depending on what kind of contract you’ve arranged with the bank or credit agency from whom you’ve taken money, they might send notices that are telling your about a change in the payment schedule, in the size of the monthly installment, or something else along these lines.
If you don’t open the letter that they send you, then you’re making a mistake that could end up costing you your home. Each piece of notice that your lender sends you needs to be opened and not just that, it also needs to be read from top to bottom. Don’t be lazy and ignore what your lender is notifying you about. It could be and probably is important information that could mean the difference between keeping and losing your home. Trust us, we’ve got experience in these things.