If you are one of the lucky people that has managed to stay financially comfortable during this recession, you should still be able to have some benefits.
The government agrees which is why they are trying to give you the chance to save money on your home.
Many new policies have gone in place to help home owners save money on taxes and insurance and that is a great deal.
However every homeowner knows their biggest expense is the monthly mortgage payment.
Well regardless of how much money you are making you need to look at that agreement and see what you are paying for.
If you signed the deal and have been paying it on time for years you should be able to work out a new deal.
There are loan modification companies available that will give you a hand and improve your chances of working something out.
If your mortgage was agreed upon when you had a low credit score or a high interest rate you could be wasting thousands of dollars a year as you try to pay it off.
The average person over pays on their monthly payments for their mortgage by $400 if they agreed to a deal when they had a low credit score or agreed on a high interest rate.
That's $400 a month and close to $5,000 a year that you have been wasting away.
Many people are well aware of this but still do not want to work out a new deal because they are worried about what it would do to their credit score.
It is true that your score is lowered when you modify your loan but you can fix that fast with credit repair.
Credit repair allows you to repair your score in weeks and at an affordable price.
By David George