Mortgage Help: Fannie Mae and Forbearance
There is no denying that the slowdown / shutdown from COVID-19 is goinig to have very real impacts on people's finances. Loss of income and drawing down of savings may make it challenging for some to make their mortgage payments. And for others, who are at risk for foreclosure, the fears can be even greater right now.
Fannie Mae has made it possible to get some help with paying your mortgage. No, they won't pay it for you, but you may be able to postpone payments for up to 12 months. You actually have to be proactive to use this resource.
The gist is that if, due to economic hardships related to COVID-19, you may be able to delay making mortgage payments, and that might really take a lot of stress out of an otherwise stressful time.
Have further questions? Feel free to contact us via email at info@GreenLight-RealEstate.com or via phone at 802-225-6425.
From all of us at Green Light Real Estate,
be well, stay safe, and take care of those around you.
We're getting through this together.