Sometimes homeowners in the San Diego area worry about how much a missed mortgage payment (or payments) will affect their credit score and their ability to do a successful short sale on their home. In talking with local short sale realtors, they would like to reassure distressed homeowners that worrying about how much a missed mortgage payment will affect your credit score is really the last thing they should be worrying about. It’s important to keep in mind that there are many San Diego homeowners out there that are in the same situation; you can always rebuild your credit, especially if you choose to work with an experienced San Diego short sale realtor.

Yes, the more mortgage payments you miss the more your credit score will more than likely be affected, however, your credit score does not determine your worth and value as a person. Sometimes missing a mortgage payment is the best financial decision one can make. To put a positive spin on things, it is possible that the further behind you are on your mortgage, the faster you lender will process your short sale transaction because they know you are really struggling financially. The faster your short sale is completed, the sooner you can be on the road to financial freedom and starting over a new chapter in your life.

If you are at all concerned about missing mortgage payments, how it’s going to affect your credit score, or how you can rebuild your credit after a foreclosure or short sale, contact a San Diego short sale realtor today. When working with a short sale realtor, their services don’t just end once your short sale is completed. They are also there to help you find a new home and to provide you with ways to rebuild your credit faster. Get in touch with a San Diego short sale realtor today for more information.