It’s well known that the housing market is heavily influenced by the economy — especially local economies. When the economy is strong, people have more money for large purchases and investments
Mortgage Payment Relief
COVID - Has taken a toll on some of us out here. Some families have parents who are are in fear of being laid off from employment. Some people now have to decide paying the mortgage or buying food with reduce hours/pay.
You may have even heard about getting a Forbearance to STOP the Bleeding.
But WAIT! What does that mean? And who is going to explain? Will you just sign on the dotted line? Are there more options & What are they?
What is a Forbearance ? Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is “holding back.” ... Historically, forbearance has been granted for customers in temporary or short-term financial difficulty.
OK why Forbearance in place of modification or are there any other options or solutions?
Take a look to your left. And if you still have question send me an email or book an appointment to go over what works best for your family and your families future.
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With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will