Over the last several months I have spoken to many Connecticut families that are struggling to meet the payment for their Connecticut home mortgage payments. In each situation there are many different reasons why they are having a tough time, but at the end of the day it is usually related to loss of income and increase in monthly expenses. No matter how hard I try to stay on task and limit myself to speaking about Connecticut home mortgages it usually goes back to the steps that could have been taken to avoid this disaster.

Here are some of the steps that many Connecticut families wish they had taken before hitting the rough patch. The biggest one that I hear is that homeowners wish they had refinanced into a low rate fixed Connecticut home mortgage while their credit was better. Everyone feels that refinancing their Connecticut home mortgage could have saved them hundreds of dollars each month that could be used to pay down other debt.

The second thing that I hear families wish they had done differently is to invest in a little side business, second job or another stream of income to supplement their main source of income. At first I found it strange that this would come up while talking about a mortgage, but it often reoccurs in our consultations. What I realized is that most people like you and me tend to stick to the same careers that are comfortable to us and feel too overwhelmed to put in the time to develop an additional revenue stream, but based on the economy it seems that we have to.

The other regret that many Connecticut homeowners have is that they did not take out a line of credit while they were in the best position to qualify for a great rate and program. Most times the disaster could have been completely avoided if the homeowners would have had ten to fifteen thousand dollars put aside to weather the storm.