Six Simple Tips for Keeping Up with Mortgage Payments


Once you become a homeowner, the feeling of elation is off the scale. At long last you have found yourself on the property ladder and you – either alone or with somebody else – are the owner of your very own property.

That feeling of pure, unbridled joy can continue for much longer if you’re not weighed down by struggling to make your mortgage payments on time. This is because falling behind on such payments could become stressful and lead to complications. By following these six tips, you should be able to make you and your home’s honeymoon period last forever.


If you are in the position to buy your own home, it is unlikely that you are new to budgeting. Therefore, it is essential you take these existing skills and employ them once you have taken out your mortgage and moved into the new property. By budgeting properly for travel, bills, food and luxury purchases, you won’t have a surprise gap in your bank account once payment day comes around.


Budgeting will aid foresight, but it is also important to be generally aware of when and why money will be leaving your account. Recurring payments and subscriptions for certain services can easily be forgotten about, so ensure you know when you are expecting these particular fees to be taken and cancel them if necessary.

On the flip side, knowing when you will be paid is also vital. For those with regular work this is not so difficult, however, anybody who is self-employed or freelance may need a little more foresight than others.

Save More

Once you know when money is leaving your account, to help ensure you have enough, you could try and put more aside each week. By saving daily or weekly, you have a more manageable system than attempting to save a certain amount each year.


Loans can be a useful tool for getting the money you require quickly. For anybody who has purchased a home – but especially those who have purchased a house with the intention of renovating it or selling it on for profit – they can provide a solution when projects do not go to plan. By using distressed foreclosure loans when these unfortunate events occur, you have a route to get back on track and safely solvent.

Keep a Diary

Keeping a diary will help you stay on top of when your mortgage payments are due, when your salary will be paid, when any loans you have taken out need to be repaid and when any construction work you are carrying out is due to finish. Being organized and vigilant is key to financial security.

Communicate with Your Lender

Finally, always communicate with your lenders. Whether they are a loan company, your mortgage provider or any business partners or family members who have lent you money, you should have a constant stream of communication about your payments.

This will put you in a better position to pay debts and bills on time and negotiate any necessary extensions.


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