New Mortgage Program Proposal
Recently five US senators introduced a bill that could help families with modest means build wealth through homeownership. This new proposal is called the LIFT Act, or Low-Income First-Time Homebuyers Act, and is currently only a bill. This new bill is hoped to...
Solutions for the End of Mortgage Forbearance
Shortly after the pandemic began, the government put into place protections that required mortgage lenders to offer mortgage forbearance programs for homeowners that saw themselves struggling to make ends meet while things were shut down. These Covid relief...
Today’s Financing Options That Will Save Homeowners from Foreclosure
At the beginning and even towards the middle of the pandemic-causing shifts in the housing market many real estate market experts voiced concerns over mortgage forbearance programs and the impact it would have when it came time for homeowners to pay them off. They...
Can You Refinance a Mortgage on a COVID Forbearance Plan?
At the height of the COVID scares, back in February and March, when the stock markets where crashing and businesses were closing for undefined amounts of time, many homeowners across the country found themselves in emergent and dire financial situations. There were a...
What to Know When Asking About Mortgage Forbearance
Even though the mortgage delinquency rate is going up since the beginning of COVID-19 the rise has not expectedly risen to meet the number of unemployment claims. This has credit and housing counseling services concerned that homeowners may be staying silent about...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.