How to Not Regret the Paint Color You ChooseThe secret? It’s all about the lighting. Here’s how to get it right. ReadVisit houselogic.com for more articles like this.© Copyright
What to do if you can’t pay the mortgage
Dated: October 22 2020
Views: 184
What to do if you can’t pay the mortgage
When the coronavirus pandemic began to hammer the U.S. economy, many states forbade lenders from pursuing foreclosures. Meanwhile, Congress passed the Coronavirus Aid, Relief and Economic Security Act, which lets borrowers off the hook for up to a year. How forbearance works:
- You have to ask. Borrowers must request forbearance. Don’t stop making payments without checking with your lender or servicer.
- Qualifying for forbearance is relatively easy. Lenders aren’t demanding proof of hardship.
- There’s no penalty. Missed payments during forbearance won’t hurt your credit score, and you won’t accrue late charges.
- You still owe the money. Forbearance pauses payments by extending the length of your loan. After the grace period ends, you’ll resume making regular payments, but the term of your loan will be extended to include the payments you missed.
- Most loans qualify. While forbearance is mandatory for federally backed loans, including FHA loans, many lenders have voluntarily extended the same terms for loans that aren’t backed by the federal government.
Learn more:
Ted Daigle
About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....
Latest Blog Posts
How to Pick your Lender for your First Home or RefinancingYour lender is one person that can make or break you with finances towards your home. Before you become involved with anyone that will
Finding The Right Local Realtor In LafayetteIf you know your situation, have an idea of what you want for a home, and know what you need, you don't want to be the only one that knows. Finding
Avoid These Home Buyer Turnoffs and Sell Your Home faster You know you should avoid garish paint colors and weird additions if you’re trying to sell a house. However, did you know
The data relating to real estate for sale on this website comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. This IDX information is provided exclusively for consumer's personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2021 REALTOR® Association of Acadiana MLS. All rights rese
