FHA Book

Helping HUD

Here’s a recent release from HUD featuring 10 tips to avoid foreclosure. This is another facet to HUD’s push to educate consumers and decrease foreclsoures. Here’s #7:

7. Prioritize your spending.

After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other “unsecured” debt until you have paid your mortgage.

Although some of the tips may seem like common sense, it’s always good to have a reminder.