Many Americans have been hit hard by the pandemic and doing things that were normal a few months ago, like making your monthly mortgage payment are now a struggle for many. If you need to pause your payments there is a government program called the CARES Act which allows you to pause payments for up to 180 days (and there is an option to extend another 180 days).

You will need to have a federally backed loan to qualify (FHA, VA, USDA, Fannie Mae, Freddie Mac backed loan), if you do not have a federally back loan you will need to contact your servicer for assistance, many are offering options.

To apply for forbearance you will need to contact your loan servicer and must have been current on payments prior to February 1, 2020. You don’t need to provide evidence only to assert you have suffered from hardship during the pandemic.

Forbearance will protect you from negative credit reports as your mortgage will still be listed as current. You will not be charged late fees, or interest penalties during forbearance.
Its important to keep in mind that all payments missed must still be made in the future!

Remember to ask for written documentation from your servicer confirming your forbearance agreement and details!

https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/#options

A question a lot of potential home sellers are asking is should I put my house on the market now? 🤔
Every situation and location varies of course, but there are some general pros and cons. One pro is rates are historically low right now, so that is a pro. Another reason is well lets be real, there is economic uncertainty so you may want to sell now for that reason.

The cons would be that while we are starting to open up again ( 🥳 ), there are still going to be people apprehensive about going house shopping right now. There are great virtual open house tools that will help (but we usually recommend checking out a house in person before actually purchasing.

Of course we won’t be in the current Covid world forever and hopefully sooner than later, this will soon be a memory! 🤞

As we are in unprecedented times, many of us need help. If you are worried about making a payment next month, you maybe able to delay or reduce your mortgage payment. Please check the link for more details

https://www.consumerfinance.gov/ask-cfpb/what-is-forbearance-en-289/

Happy Memorial Day!
Wishing you and your family a safe and happy Memorial Day!
And an extra special thanks to those who’ve served and those who are serving us now.

Wishing you and your family a safe and joyful holiday!

Its December already and we know you’re busy in the holiday season but here a few tips for you!
Many people have unclaimed money – here’s a link to a site that help you find the link to your state site to do a free search of potentially unclaimed money you might have overlooked! 🤦‍♂‍
https://unclaimed.org/
Its the season of giving so make sure you make your charitable contributionS for the year by the end of the month 🙂
So stay warm and remember its a festive time so don’t get too stressed shopping and planning that you forget to enjoy a hot chocolate and ugly sweater with friends and loved ones!

Happy Thanksgiving 2019!
We wish you and your family a day full of good food and good times. And remember take the time to give thanks for the little things 🙂
🦃

We thank all those who served and are serving!
Thank you for your duty!
Happy Veterans Day!

November is here and fall is too 🍂
Here’s a few tips to get you ahead of the game!
Remember November 3rd we roll back the clock – at least you’ll get an extra hour of sleep 😴
If you have a work based HSA account that expires at the end of the year then make that dentist or doctor appointment you’ve been putting off 🩺
If your finances have changed recently, make sure to do some year-end tax planning to minimize your liability.
Now we all know the holidays are coming, so maybe you want to rest at home before it all starts. New to streaming is a fun holiday animated film Klaus and for the adults the Irishmen maybe the next classic (at least you hope so its clocking in at 3 and ½ hours 🥱
Remember rates are still much lower than even a year ago! So if you’re thinking about purchasing a new home or want to see how much you can save by refinancing reach out to us today for a free consultation!

Thank you for visiting our blog! This is our first post but we will be adding many more. We are going to focus on posts that are informative about the process, industry news, community-focused and much more. So please, bookmark this blog, share it with your friends and check back soon as the best is yet to come!