Homeowners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for different repayment options following their forbearance. Fannie Mae and Freddie Mac do not require a lump sum payment at the end of the forbearance.
Posted on December 11, 2020
Federal Housing Administration FHA Mortgage Forbearance repayment options.
Posted on December 11, 2020
USDA Rural Housing Forbearance Repayment
Posted on December 11, 2020
Veterans Administration (VA) Servicers of VA loans cannot require borrowers to make a lump sum payment immediately after a borrower exits a CARES Act forbearance. The VA has a suite of loss mitigation options such as repayment plans and loan modification to assist borrowers in repaying payments missed under a CARES Act...
Posted on December 11, 2020
For many people, the month of February 2021 will mark the end of their mortgage forbearance under the CARES Act. This leaves many questions about how to manage missed payments and what will happen if someone cannot pay those accumulated amounts. This article will help explain the choices people have to manage their mortgages.
Posted on December 10, 2020
It’s always the right time to create a saving and spending plan (aka a budget). It’s also a good idea to revisit that plan annually or when a major shift occurs in your income or expenses.
Posted on October 27, 2020
Although November 27th is the traditional kick off of the holiday season, decorations of all kinds are already flooding the retail stores and advertisers are working hard to put us in the “spending mood” earlier and earlier every year. This creates an opportunity to make a spending plan that will get us through the season and help keep it meaningful.
Posted on December 23, 2016
The past seven months have been a financial game changer for many people. Some were struggling to make ends meet prior to the pandemic, and other financial lives where knocked off balance as our world changed. With this blog, we share some practical strategies on how to move forward financially and avoid the aftershocks from the changes in our finances.
Posted on September 22, 2020
What you need to know about the national eviction moratorium and how to ensure you are protected. LInks to sample document to provide to landlords.
Posted on September 15, 2020
This video covers difference in popular credit score models FICO and VantageScore and a quick overview of sites where you can obtain a free credit report or score.
Posted on July 24, 2020