For instance, someone who is behind on payments can add the amount in arrears to the total mortgage and stretch it out over the loan's term .

Restructuring Is Possible Many banks are now willing to avoid foreclosure, he said, by restructuring mortgages that had originated at a much higher interest rate and by attaching amounts in arrears to the end of the mortgage.

We can add the amount in arrears to the end of the mortgage, giving customers two options: either they pay the arrears as a baloon payment at the end of the mortgage or we can extend the term.

Anthony R. Jordan, president of the church council, says the church expects a grant that would allow it to settle the amount in arrears and to take the building back from the city, restore the facade and interiors, and build another building on a vacant lot at No. 429.