Other Source of Payment
Your checking and savings account may not be your only sources for making home loan payments. You may be able to repay your home loan by:
- Using funds from your 401(k) account – ask your employer about making a “hardship withdrawal”.
- Selling stocks and bonds you may own.
- Requesting the cash value of any life insurance policies.
Before you use any of these other sources to pay your home loan, please make sure you understand any penalties or tax issues that may result.
Repayment Plan
If you have missed one or more home loan payments, we may be able to create a short term repayment plan. If this occurs, please contact us as soon as possible to discuss payment options.
To find out if a repayment plan is an option for you, please contact our Loan Service Department.