Understanding that Forbearance is NOT Forgiveness

Understanding that Forbearance is NOT Forgiveness The Covid-19 Coronavirus has led to some challenging times for all of us. The Government has created the CARES Act to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARES Act is the possibility of mortgage forbearance. Forbearance is […]

5 Things Homeowners Need to Know About Forbearance and COVID-19

    5 Things Homeowners Need to Know About Forbearance and COVID-19 COVID19 is creating uncertainty everywhere. Here’s a list of 5 things from the Association of Independent Mortgage Expert to help homeowners understanding what’s going on. 1. Homeowners are Still Responsible for Mortgage Payments A forbearance agreement only allows homeowners to temporarily suspend their […]

Mortgage Forbearance is NOT Forgiveness

Mortgage Forbearance is NOT Forgiveness There’s a lot of news out there about Mortgage Forbearance causing A LOT of confusion to homeowners. Many think their monthly mortgage payment will be forgiven if they do not pay. Is it true? Here’s some information courtesy of the Association of Independent Mortgage Brokers (AIME). What is Forbearance? The […]

Coronavirus – a new risk to the economy

  Coronavirus – a new risk to the economy The minutes from the Federal Reserve Jan. 28 – 29 meeting officially called coronavirus a “new risk” to the economy. “The threat of the coronavirus, in addition to its human toll, had emerged as a new risk to the global growth outlook, which participants agreed warranted […]