Q: Times are tough. I work for my state, which has budget problems and is requiring me to take one day per pay period off work — for no pay. I’m barely keeping up with my adjusting mortgage payments on my condo. Some months I struggle to pay my HOA (homeowners association) dues. What will happen if I can’t keep up with them?
A: If your mortgage payments have begun to adjust already, you really should talk with your lender about the possibility of a loan modification, to make ends meet a little bit easier.