Why are (some) Homeowners having Payment Problems
The top 3 reasons for housing payment distress:
- Reduced Income
- Too Much Debt
- Unemployment
Behind these reasons there is one more: Lack of reserves.
Life is always throwing curve balls. However, 40% of Americans could not come up with $3,000 to cover an emergency. So, the number one defense is a plan.
Do you have a plan?
Do you have an adequate emergency fund?
