Just over a year ago, the pandemic began and life as we know it changed forever. For some, it can feel like the whole world is upside down.
COVID-19 created real hardships for many… hardships like a job loss or business shutdown that may have made it difficult for you to afford your rent or mortgage payment.
Fannie Mae knows that understanding your options for mortgage or rent relief is tough even during normal times, which is why they created their Here to Help website to help you understand your financial relief options, no matter if you rent or own.
Our Contributor, George Torres partnered with Fannie Mae to help spread the word about these resources so you can explore your options to help you stay in your home.
Are You a Homeowner?
If you think you might be at risk of missing a mortgage payment, the first and most critical step is to find out who is servicing your loan. Don’t know? Use the Fannie Mae Mortgage Loan Look Up Tool on their Here to Help website to find out.
If Fannie Mae owns your mortgage loan, you may qualify for programs that can provide payment relief like a forbearance plan or loan modification. You’ll also have access to live personalized assistance from HUD-approved housing counselors through the Mortgage Help Network.
Check out KnowYourOptions.com to learn more about what a forbearance plan is, what happens after-forbearance and how to get started.
Are You Renting?
Resources are also available for the millions of renters who’ve been impacted by COVID-19.
Those in Fannie Mae-financed properties can get free assistance from HUD-approved housing counselors to help navigate financial challenges caused by COVID-19, including things like financial coaching and budgeting.
Take a look at Fannie Mae’s Renters Resource Finder, which can not only help you determine if you live in a Fannie Mae-financed property, but also makes it easy to learn what other support might be available to renters like you.
To better understand protections and assistance that may be available to you, visit KnowYourOptions.com.
At the end of the day, Fannie Mae is Here to Help.
Whether you rent or own, I hope that you’ll take advantage of the resources at KnowYourOptions.com if you’ve fallen on tough times due to the pandemic. Please feel free to share this resource with friends and loved ones that may be going through similar circumstances.
As I am,
Your favorite Jibarito
Blog post was created as a paid partnership with Fannie Mae]
Read more: http://www.sofritoforyoursoul.com/hit-hard-financially-due-to-covid-19-here-are-some-ways-you-can-remain-in-your-home-even-if-you-cant-currently-make-your-mortgage-or-rent/#ixzz6qvR01qxg
As a mother of twin tweens in 2011 and an active Girl Scout Troop leader, Cristy realized there was a need to develop bilingual digital content and foster a community facing the challenges of raising kids after first grade. That year she founded and remains co-Publisher of Los Tweens & Teens, to support multicultural parents and mentors with content related to raising Gen Z- tweens & teens ages 7-18. Through the Los Tweens & Teens LIVE events such as Teens & Me – the growing team aims to provide our community with essential resources from chats with therapists to battle anxiety and bullying, to understanding social media and technology.