If you are having difficulty paying your Republic Bank mortgage payments, we may be able to help. As a community bank, we value homeownership and will do everything possible to come up with a solution acceptable to you and the Bank.

We want to keep you in your home. Not taking immediate action could result in the loss of your home, a negative impact to your credit score and keep you from obtaining financing in the future. If you can no longer afford your monthly mortgage payments, it is important that you contact us right away.

When you call, please have the following information prepared:

• A brief explanation of your situation.
  
• A monthly budget of your household income and expenses.
  
• Proof of household income (recent pay stubs, tax returns, etc.).
  

Based on your specific situation, our experienced team of counselors will evaluate options that may be available to you. Below is an overview of the most common workout options that you may qualify for:

Refinance

Receive a new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and can help you lock in a low fixed rate. This is a good option if you have an adjustable rate mortgage or a high interest rate and have equity built up in your home.

Repayment Plan

A short term solution where you would resume your regular monthly payments, in addition to paying a portion of the past due payments. After you have caught up, you will return to just making your regular monthly payments.

Loan Modification

An agreement to modify the original terms of your mortgage. If you qualify, a modification may include reducing your interest rate, extending the term of your mortgage, etc.

Short Sale

A short sale may be appropriate if you can no longer keep your home and you owe more than your home is currently worth. We may be able to approve the sale of your property for less than full payoff of the loan to avoid foreclosure. However, typically you will still be responsible to pay the remaining balance of the loan.

Deed in Lieu

The homeowner voluntarily transfers ownership of the mortgaged property to the Bank in full satisfaction of the total amount due. This option avoids foreclosure proceedings and the associated costs.

Other Resources

• Making Home Affordable – www.makinghomeaffordable.gov
• NeighborWorks® – www.nw.org
• HUD – www.hud.gov
• Kentucky – Kentucky Homeownership Protection Center – www.protectmykyhome.org
• Indiana – Indiana Foreclosure Prevention Network – www.877gethope.org