How Can I Protect My Family?
During these uncertain times this is one of the most important questions everyone is asking themselves. With most business being forced to a halt during mandatory quarantine many families are suddenly, and without preparation, without pay. It is important that we think of the big picture and how do we strategize for the long-term benefit.
Federal regulations have been put in place for those who have either lost significant income or all income due to the coronavirus outbreak. Both Fannie Mae and Freddie Mac have ordered lenders to offer breaks to their existing customers. A variety of customers will qualify for either a reduced mortgage payment or a suspended mortgage for up to a year.
Things to Remember:
You cannot just stop paying your mortgage! Please do not do this, as you will cause negative, long-term impacts to your credit score. You must first contact your lender to discuss options available to you.
Where to Start:
Our team is happy to help anyone in need find the best solution for their new situation. We can help guide you on what options are available and help make sure you make an educated decision.
Please do not make what feels like a frantic situation worse by not reaching out for help. We have the knowledge and the resources to help you make sound financial decisions right now regarding mortgage relief as well as a variety of real estate decisions you may be facing. Remember we will all get through this stronger, together.
Please remember that we are always here for you whether it be personal or Real Estate related. We hope you and your families are staying well. If there is anything we can do to help make this time easier for you do not hesitate to reach out to us.