Mortgage Help

Homeowners' Insurance: Be sure to maintain adequate homeowner insurance. If you don't, the lender can add expensive force-placed insurance and increase your monthly payments.

Property Taxes: Apply for property tax exemptions if you're disabled, a senior, or a veteran. A housing counselor can help you through the application if needed, call us at 1-855-HOME-456 for a free referral.

Utility Bills: Even if you cannot afford your mortgage, it's important to pay your utilities, including water, gas, and electricity. If you miss payments, a lien could be placed against your property until the debt is paid. Instead of missing payments, find ways to save, or ask your utilities providers about level payment plans.

Repairs: Keep up with home maintenance and repairs in order to maintain your property value. Maintenance issues — like burst pipes, sewer backups, mold, and termites — can be expensive, especially if left unaddressed for a long time. When you are having trouble meeting mortgage payments, choose your repairs thoughtfully; a housing counselor can help decide which repairs to make and review available repair programs with you.

Energy Efficiency: Small steps can help you save money. Turn off and unplug electronics when not in use, use a programmable thermostat to match your schedule, and replace bulbs with LED and CFL bulbs. For larger renovations, check to see if you qualify for an energy assistance program at www.nyc.gov/accessnyc.org.