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Contact with Lender


In times of economic downturn, many homeowners find themselves tight on money and not sure what to do if they can’t make  Payments on their mortgage. Brooks Hiller ,  owner of Heritage mortgage in Dayton ,  was a guest on a recent kshn.com Party Line .He said it is crucial to  maintain a relationship with your lender. Brooks Hiller said there is a misconception that  lenders can’t wait to foreclose on your home if you miss a payment.  Actually,  He said banks are not making loans so they can foreclose on  yours, and many times the lenders view foreclosure as a last resort.  Brooks Hiller , a veteran mortgage executive, said the most important thing you can do ,  if you feel you will miss a mortgage payment ,  is to contact the lender and let them know  whats going on and that you may miss a payment. 

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