The holidays are a joyous time of year.  Families and friends gather together around food, drinks, and gifts.  They gather under the security and comfort of their home, welcoming everyone in and ensuring everyone is safe and taken care of.  Truly, a wonderful time, right?  

Right? 

Or is it really a wonderful time? 

The sad truth is that the holidays are also the time of year where Americans get into the most debt.  Between travel, gifts, and expensive meals, the money is flowing, but typically supported by credit cards and other lines of credit. 

And this is where the difficulty lies. 

For some, the decision will be made to either hold their Thanksgiving meal, buy gifts for everyone in their family, and be generous (the way we are supposed to be) OR make their house payment.  After all, with the average house payment being between $2k - $3k, that can buy a lot of meals and gifts. 

This can be a dangerous path. 

If you decide to do this, be careful.  You might have the best intentions, but it’s very difficult to catch back up once you are behind.  Or, maybe you aren’t planning on continuing to pay your mortgage.  I have met a lot of people who purchased at the peak of the market, and simply decided to let their house go because they could repair their credit in the time it would take for their home to regain any equity.  I don’t recommend this, just for the record. 

However…

I want to make an offer to you.  If you are considering stopping your mortgage payments, please call us.  I want to make sure that you fully understand the implications of this.  If you are planning on letting your house go entirely, then it is more important than ever to have a plan, even if you stop.  We can help answer your questions so that you are fully aware of your options. 

Please call us at 949-249-9575 or contact us.  We would love to hear from you.  

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